Intelligent Bio Solutions prices 1.3M shares at $2.00 in public offering

Intelligent Bio Solutions (INBS) announced the pricing of its previously announced underwritten public offering of 1,304,348 shares of common stock at a public offering price of $2.00 per share of common stock, for gross proceeds of approximately $2.6 million, before deducting underwriting discounts and commissions and offering expenses. Ladenburg Thalmann & Co. is acting as the sole bookrunning manager for the offering. All of the shares of common stock to be sold in the offering will be sold by the Company. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 195,652 shares of its common stock at the public offering price less the underwriting discounts and commissions. The offering is expected to close on or about February 21, 2025, subject to customary closing conditions.