INBS preliminary proxy seeks votes on equity plan expansion and Series N-2 warrants
INBS's preliminary proxy sets a virtual annual meeting for December 3, 2026 and asks stockholders to approve eight proposals, including a 221,000-share expansion of the 2019 Long Term Incentive Plan and authorization for up to 2,036,659 shares upon exercise of the Series N-2 warrants. The Series N-2 warrants have a $2.33 exercise price and would generate approximately $4,745,415 in gross proceeds if fully exercised, while diluting existing stockholders. The August 2026 private placement raised approximately $5.0...
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