ImmunityBio Announces $80 Million Equity Financing from Institutional Investors in Direct Offering

Reuters
07-25
ImmunityBio Announces $80 Million Equity Financing from Institutional Investors in Direct Offering

ImmunityBio, Inc. (NASDAQ: IBRX), a prominent immunotherapy company, has announced the execution of an $80 million equity financing agreement with two institutional investors. This financing is structured as a registered direct offering, involving the issuance of common stock and warrants to purchase additional shares of ImmunityBio. The transaction is expected to generate gross proceeds of approximately $80 million, before the deduction of placement agent fees and related expenses, with the potential for an additional $96 million if the warrants are fully exercised. Piper Sandler & Co. is serving as the exclusive placement agent for this offering. The securities are being offered under ImmunityBio's automatic shelf registration statement on Form S-3.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Immunitybio Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250725244007) on July 25, 2025, and is solely responsible for the information contained therein.

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