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ImmunityBio, Inc. Announces Execution of $80 Million Equity Financing from Multiple Institutional Investors

1. IBRX secured financing through a direct offering for working capital. 2. The company issued common stock and warrants to institutional investors.

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FAQ

Why Bullish?

The financing indicates investor confidence, similar to past offerings that boosted stock performance.

How important is it?

The financing is crucial for operational viability and may signal positive investor sentiment.

Why Short Term?

The immediate influx of capital often leads to increased stock interest and activity in the short term.

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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 two institutional investors, providing for the issuance of common stock of ImmunityBio as well as warrants for the purchase of additional shares of common stock of Immunity.

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