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ImmunityBio Announces Execution of $75 Million Equity Financing with an Institutional Investor

1. ImmunityBio secures financing to support operations and working capital. 2. A registered direct offering will issue common stock and warrants.

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FAQ

Why Bullish?

Financing via direct offering often signals investor confidence, potentially supporting IBRX's operations and growth. Historical examples show that successful capital raises in biotech can lead to stock price appreciation.

How important is it?

Securing financing can alleviate short-term liquidity concerns, making it vital for IBRX's stability. The direct nature of the offering with institutional involvement suggests confidence in IBRX's future prospects.

Why Short Term?

The immediate cash infusion can address operational needs, affecting stock performance in the near term. Successful execution of business plans fueled by this financing can positively sway investor sentiment quickly.

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CULVER CITY, Calif.--(BUSINESS WIRE)--ImmunityBio, Inc. (NASDAQ: IBRX), a leading immunotherapy company, today announced that it has executed financing to provide further working capital and support its ongoing business operations. The Company entered into a securities purchase agreement for a registered direct offering with a single institutional investor, providing for the issuance of common stock of ImmunityBio as well as warrants for the purchase of additional shares of common stock of Immu.

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