INLIF closes USD 3.75 million registered direct offering
INLF•INLIF raised approximately USD 3.75 million in gross proceeds through a registered direct offering of shares, pre-funded warrants and accompanying warrants.
1. Offering details
The offering comprised 435,000 Class A ordinary shares and pre-funded warrants for 1,908,750 shares, each accompanied by Series A, B and C warrants. Combined purchase prices were USD 1.60 per share or USD 1.5999 per pre-funded warrant, each with accompanying warrants.
2. Use of proceeds
Series A and Series B warrants have initial USD 1.60 exercise prices, subject to downward resets on the twentieth trading day following closing. Net proceeds will support directors and officers, manufacturing expansion and working capital, with deployment expected over one to two years.
