Innovation Pharmaceuticals Inc (IPIX)

[CHM_760]

$30 Million Aspire Financing on deck...

http://archive.fast-edgar.com//20150331/APZZW22CZ22FA2N2222T2CZ2SMHDZZ27QJ72/

Pursuant to this prospectus supplement and the accompanying prospectus, we are offering up to $30,000,000 of shares of our common stock, par value $0.0001 per share (“Common Stock”) to Aspire Capital Fund, LLC (“Aspire Capital”) under a Common Stock Purchase Agreement entered into on March 30, 2015 (the “Purchase Agreement”).



The shares offered under the Purchase Agreement include (i) 160,000 shares of Common Stock to be issued to Aspire Capital in consideration for entering into the Purchase Agreement (the “Commitment Shares”), and (ii) additional shares of Common Stock, which may be sold from time to time to Aspire Capital until and including March 26, 2018, with an aggregate offering price of up to $30,000,000 (the “Purchase Shares”). The purchase price for the Purchase Shares will be based upon one of two formulas set forth in the Purchase Agreement depending on the type of purchase notice we submit to Aspire Capital from time to time.