News Image

InMed Pharmaceuticals Announces $6 Million Private Placement Priced at a Premium to Market

Provided By Globe Newswire

Last update: Sep 9, 2022

VANCOUVER, British Columbia, Sept. 09, 2022 (GLOBE NEWSWIRE) -- InMed Pharmaceuticals Inc. (“InMed” or the “Company”) (Nasdaq: INM), a leader in the research, development and manufacturing of rare cannabinoids, today announced that it has entered into a securities purchase agreement with two healthcare-focused institutional investors for the issuance and sale of 691,245 of its common shares at a purchase price of $8.68 per share (or pre-funded warrant in lieu thereof) in a private placement priced at-the-market under Nasdaq rules. In addition, the Company has agreed to issue to the investors in the offering unregistered preferred investment options (the “investment options”) to purchase up to an aggregate of 1,382,490 common shares. The aggregate gross proceeds to the Company from the private placement is expected to be approximately $6 million. The offering is expected to close on or about September 13, 2022, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering to continue pipeline development of its pharmaceutical drug candidates, advance manufacturing know-how of cannabinoids and cannabinoid analogs, support intellectual property development and other commercial activities, and for general working capital purposes.

Read more at globenewswire.com

INMED PHARMACEUTICALS INC

NASDAQ:INM (7/3/2025, 7:38:01 PM)

After market: 2.89 -0.02 (-0.69%)

2.91

-0.14 (-4.59%)



Find more stocks in the Stock Screener

INM Latest News and Analysis

ChartMill News Image10 days ago - ChartmillHere are the top movers in Tuesday's session.

Keep an eye on the top gainers and losers in Tuesday's session, as they reflect the most notable price movements.

Mentions: HUSA NINE IBO EYEN ...

ChartMill News Image10 days ago - ChartmillCurious about the most active stocks on Tuesday?

Get a pulse on the US markets on Tuesday by checking out the most active stocks in today's session. Discover the stocks that are leading the way in terms of trading volume and market activity.

Mentions: DNN NVDA TSLA GNLN ...

ChartMill News Image10 days ago - ChartmillLet's have a look at the top gainers and losers in the middle of the day of today's session.

Here are the top movers in Tuesday's session, showcasing the stocks with significant price changes.

Mentions: HUSA NKTR NINE IBO ...

ChartMill News Image10 days ago - ChartmillWhich stocks are gapping on Tuesday?

Traders are paying attention to the gapping stocks in Tuesday's session. Let's dive into which stocks are experiencing notable gaps.

Mentions: HUSA NKTR AMRN NINE ...

ChartMill News Image10 days ago - ChartmillTuesday's pre-market session: top gainers and losers

Discover the top movers in Tuesday's pre-market session and stay informed about market dynamics.

Mentions: HUSA USEG SGMO NKTR ...

Follow ChartMill for more