Published on 9/15/2009 in the Prospect News PIPE Daily.
New Issue: iBio takes in approximately $3 million in private placement of stock
By Devika Patel
Knoxville, Tenn., Sept. 15 - iBio, Inc. settled a private placement of stock on Sept. 10 for approximately $3 million, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold about 4,615,385 common shares at $0.65 apiece.
The private biotechnology company is based in Newark, Del.
Issuer: | iBio, Inc.
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Issue: | Common stock
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Amount: | $3 million (approximate)
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Shares: | 4,615,385 (approximate)
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Price: | $0.65
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Warrants: | No
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Settlement date: | Sept. 10
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