share_log

iBio Inc | D: Filing D

SEC announcement ·  Apr 5 04:08
Summary by Futu AI
iBio Inc, a biotechnology company incorporated in Delaware, has filed a Form D Notice of Exempt Offering of Securities with the SEC, indicating a new notice of an equity offering with the first sale dated 03/26/2024. The filing, signed by CEO Martin Brenner on 04/03/2024, reports a total offering and sold amount of $15,068,745 USD. The offering includes equity, options, warrants, and other rights to acquire securities, with no minimum investment from outside investors. The company has declined to disclose its revenue or aggregate net asset value. Eight investors have already invested in the offering, which is not being made in connection with a business combination transaction. Sales commissions are estimated at $794,124 USD. The proceeds from the offering are proposed to be used as working capital, which may indirectly include payments for salaries to employees, including executive officers. The offering is expected to last no more than one year, and iBio Inc has claimed an exemption under Rule 506(b) of the Securities Act.
iBio Inc, a biotechnology company incorporated in Delaware, has filed a Form D Notice of Exempt Offering of Securities with the SEC, indicating a new notice of an equity offering with the first sale dated 03/26/2024. The filing, signed by CEO Martin Brenner on 04/03/2024, reports a total offering and sold amount of $15,068,745 USD. The offering includes equity, options, warrants, and other rights to acquire securities, with no minimum investment from outside investors. The company has declined to disclose its revenue or aggregate net asset value. Eight investors have already invested in the offering, which is not being made in connection with a business combination transaction. Sales commissions are estimated at $794,124 USD. The proceeds from the offering are proposed to be used as working capital, which may indirectly include payments for salaries to employees, including executive officers. The offering is expected to last no more than one year, and iBio Inc has claimed an exemption under Rule 506(b) of the Securities Act.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.