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Intelligent Bio Solutions Inc. shares now total 3,316,803 after some were used up.

PaperworkRead the original at sec.gov
Bad for INBS

The company said 285,000 prefunded warrants were exercised and 4,333 restricted shares were issued, raising total shares to 3,316,803; this increases the share count and reduces each existing share's claim on the company.

INBS · Intelligent Bio Solutions Inc.

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INBS filed an 8-K reporting that 285,000 prefunded warrants were exercised and 4,333 restricted shares were issued, bringing total shares to 3,316,803. This raises the company's share count and reduces each existing share's claim, which is adverse for current shareholders.

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