ImmunityBio raises $75 million in direct offering

10 April 2025

US biotech ImmunityBio (Nasdaq: IBRX) has secured $75 million through a direct offering with a single institutional investor, according to a statement released Tuesday.

The deal involved the sale of 29 million shares at $2.58 each to Armistice Capital, a healthcare-focused investment firm. The offering also includes warrants that could bring in an additional $90 million if fully exercised.

The firm said it would use the money to support ongoing business operations and provide working capital as it advances its immunotherapy pipeline.

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