Inspira announces pricing of $3.2M private placement

Inspira Technologies (IINN) announced the pricing of a private placement offering consisting of the issuance and sale of 4,608,715 ordinary shares and ordinary warrants to purchase up to 4,608,715 ordinary shares, at a combined purchase price of 70c. The ordinary warrants have a term of eighteen months and have an exercise price of $1.10 per share. The company intends to use the net proceeds from the offering for working capital and general corporate purposes. Dawson James Securities is acting as the exclusive placement agent for the private placement.