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IGC Pharma Welcomes Strategic Investment from Advisors

1. IGC signed a Share Purchase Agreement for $475k investment. 2. The investment price is set above the last closing price.

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FAQ

Why Bullish?

The SPA indicates positive investor confidence and can improve liquidity, reminiscent of past successful share placements. Investors typically react favorably when companies secure funding, as it may signal growth potential.

How important is it?

The SPA signifies strategic financial movement which can rally investor interest, boosting stock price. The amount and conditional specifics of the investment also provide insight into the company's current valuation.

Why Short Term?

The immediate influx of capital can strengthen IGC's operational capabilities quickly, with potential positive market reactions. Historical case studies show swift price responses following similar agreements.

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POTOMAC, MARYLAND / ACCESS Newswire / April 24, 2025 / IGC Pharma, Inc. (NYSE American:IGC) ("IGC" or the "Company") today announced that the Company's recently appointed advisors entered into a Share Purchase Agreement (the "SPA") on April 21, 2025, for the purchase of common shares from the Company. The investment, subject to the terms and conditions set forth in the SPA, is for approximately $475 thousand at the higher of 30 cents or $0.01 over the last closing price.

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