Transaction Information
Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company") announced an agreement between the Company and several investors to exercise certain existing warrants to purchase up to an aggregate of 606,064 shares of common stock at $2.9232 per share.
Ladenburg Thalmann & Co. Inc. acted as the exclusive placement agent for the warrant exercise transaction.
About Intelligent Bio Solutions Inc.
Intelligent Bio Solutions Inc. (the "Company") is a medical technology company delivering intelligent, rapid, non-invasive testing solutions. The Company believes that its Intelligent Fingerprinting Drug Screening System will revolutionize portable testing through fingerprint sweat analysis, which has the potential for broader applications in additional fields. This hygienic, and cost-effective system is designed to screen for recent use of drugs commonly found in the workplace, including opioids, cocaine, methamphetamine, and cannabis. With sample collection in seconds and results in under ten minutes, this technology would be a valuable tool for employers in safety-critical industries. For more information, visit www.ibs.inc.
The information and material presented is provided for informational purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or buy any securities mentioned herein.