INLIF Prices $3.75 Million Offering With Three Warrant Series

INLIF Limited priced a registered direct offering expected to raise about $3.75 million before expenses, with three warrant series that could lead to further issuance of its Nasdaq-listed shares. The company agreed to sell 435,000 Class A ordinary shares and pre-funded warrants covering up to 1,908,750 shares to institutional investors. Each share or pre-funded warrant comes with Series A, Series B and Series C warrants. A share and its accompanying warrants cost $1.60. A pre-funded warrant and its accompanying warrants cost $1.5999. The Series A warrants initially cover 2,343,750 shares at an exercise price of $1.60 per share. They expire five years after the offering closes. The Series B warrants are immediately exercisable at $1.60 per unit and initially cover 2,343,750 units.

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