iBio Closes Sale of Manufacturing Facility in Texas [Yahoo! Finance]
iBio, Inc. (IBIO)
NASDAQ:AMEX Investor Relations:
ir.ibioinc.com
Company Research
Source: Yahoo! Finance
SAN DIEGO, June 03, 2024 (GLOBE NEWSWIRE) -- iBio, Inc. (NYSEA:IBIO) (“iBio” or the “Company”), an AI-driven innovator of precision antibody therapeutics, today announced the closing of the sale of its manufacturing facility located in Bryan, Texas (the “Property”) to the Board of Regents of the Texas A&M University System for $8.5 million. Following the issuance of pre-funded warrants having a value of $4.5 million to the lender, Woodforest National Bank, iBio and its wholly owned subsidiary, iBio CDMO LLC, has met all of the conditions of the settlement agreement releasing the Company and its subsidiary of all obligations with respect to the debt secured by the Property. The transaction, coupled with the use of approximately $915K in restricted cash previously held by Woodforest, eliminates approximately $13.2 million in secured debt from iBio's balance sheet. “The sale of our Texas facility marks a critical milestone for iBio - the completion of our transition from a CDMO to a m
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News
- iBio, Inc. (NYSE: IBIO) had its "buy" rating re-affirmed by analysts at Chardan Capital. They now have a $5.00 price target on the stock.MarketBeat
- iBio Closes Sale of Manufacturing Facility in TexasGlobeNewswire
- iBio, Inc. (NYSE: IBIO) is now covered by analysts at Chardan Capital. They set a "buy" rating and a $5.00 price target on the stock.MarketBeat
- iBio Reports Fiscal Third Quarter 2024 Financial Results and Provides Corporate Update [Yahoo! Finance]Yahoo! Finance
- iBio Reports Fiscal Third Quarter 2024 Financial Results and Provides Corporate UpdateGlobeNewswire
IBIO
Sec Filings
- 6/5/24 - Form 8-K
- 6/3/24 - Form 8-K
- 5/20/24 - Form 8-K
- IBIO's page on the SEC website