INBS stock today: Intelligent Bio Solutions swings after $10 million raise follows new manufacturing deal
Intelligent Bio Solutions shares closed at $9.53 on Dec. 31, up 132%, then fell to $8.23 in after-hours trading after announcing a $10 million private placement. The deal, set to close Jan. 2, involves 2.3 million shares and warrants at $4.35 per share. Earlier, the company said a new manufacturing partnership would cut costs by over 40% and boost gross margin ahead of a planned 2026 U.S. launch.
