Summary by Moomoo AI
In8bio has filed a prospectus supplement with the Securities and Exchange Commission, amending its previous prospectus dated November 21, 2022. The supplement, dated May 7, 2024, allows for the offer and sale of up to $8,900,000 of In8bio's common stock under a Controlled Equity Offering with Cantor Fitzgerald & Co. as the Sales Agent. To date, In8bio has sold 8,392,204 shares for gross proceeds of approximately $15.9 million. The company is limited by General Instruction I.B.6 of Form S-3 in the amount it can sell, which currently stands at an aggregate offering price of up to $8,900,000, considering the current public float. In8bio's common stock is traded on the Nasdaq Global Market under the symbol 'INAB'. The market value of non-affiliate held common stock was $41.5 million as of May...Show More