Mar. 26 at 1:43 PM
$ICCM
entered into securities purchase agreements with healthcare-focused institut. investors to sell 8M ordinary shares at
$0.50 each in a registered direct offering. Gross proceeds expected to be about
$4M.
Additionally, in the private placement, ICCM plans to issue Series B & Series C warrants covering up to 8M shares each.
The warrants will have an exercise price of
$0.55 per share, be exercisable immediately, with Series B warrants expiring in 5 years and Series C warrants in 1 year from issuance.
The offering is expected to close on or about March 27, 2026.