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Jan 2, 2026 4:00 PM

What's Going On With Intelligent Bio Stock Friday?

Micro-cap Intelligent Bio Solutions Inc. (NASDAQ:INBS) has staged a sharp rally in recent weeks, with shares up 44% over the past month and 78% over the last week, according to Benzinga Pro data.

The stock pulled back on Friday after the company announced plans to raise fresh capital.

$10 Million Private Placement Pressures Stock

Intelligent Bio said it will raise $10 million through a private placement, which weighed on shares following the announcement.

The deal includes 2.298 million shares, Series K-1 warrants to purchase up to 2.298 million shares, ...