Jul. 7 at 8:15 PM
$IPSC slashes 51% of workforce in survival move - CFO & Chief Development Officer out.
$3.7M severance costs now, but cash reserves (
$51.8M) still face <6 quarter runway. Restructuring desperation or smart preservation? Market's 0.197 P/B ratio screams skepticism.
https://www.sec.gov/Archives/edgar/data/1850119/000110465925066091/tm2519717d1_8k.htm