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FibroBiologics Resolves Commitments Through Share Issuance Agreement

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FibroBiologics, Inc. ( (FBLG) ) has issued an announcement.

FibroBiologics, Inc. has entered into a Side Letter Agreement with GEM Global Yield LLC SCS and GEM Yield Bahamas Limited to issue shares and settle financial obligations. The agreement includes the issuance of 1,152,074 shares at $2.17 per share and the termination of a previous warrant agreement, effectively fulfilling outstanding commitments and leading to the termination of the share purchase agreement with GEM.

More about FibroBiologics, Inc.

YTD Price Performance: -93.02%

Average Trading Volume: 177,332

Technical Sentiment Consensus Rating: Strong Buy

See more data about FBLG stock on TipRanks’ Stock Analysis page.

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