Replies to post #307281 on Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

"What is a capital raise?
Basically, a capital raise is obtaining capital (i.e. cash money) from investors to help fund new or growing business ventures, where the investors will own a share in the business in exchange for their investment."
https://www.vsag.com/how-to-successfully-conduct-a-capital-raise/

A grant isn't a capital raise. It's that simple.


ps. I know that there are definitions that differ from the above...see if you can find one that includes a grant as a capital raise and link it.