Intellipharmaceutics International Inc. (IPCI)

[WeeZuhl]

Interesting...


https://ir.intellipharmaceutics.com/press-releases/detail/181/intellipharmaceutics-announces-closing-of-us-14-3-million

resulting in the sale of 2,775,231 common shares, pre-funded warrants exercisable for 16,563,335 common shares, at an exercise price of US$0.01 per share (the "Pre-Funded Warrants"), and warrants exercisable for 20,000,000 common shares, at an exercise price of US$0.75 per share (the "Firm Warrants"). These securities were issued in units, each consisting of either one common share and one Firm Warrant or one Pre-Funded Warrant and one Firm Warrant, and were offered at a public offering price of US$0.75 per unit.

16.5 million pre-funded warrants were purchased for $.75 but only 2.8 million common shares were purchased for the same price. Few wanted shares, but lots wanted warrants. So now there are >36 million warrants out there either pre-purchased for $.75 or exercisable at $.75.


Translation: this stock is not going above 75 cents for a looooooong time.