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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of Report (Date of Earliest Event Reported): August 31, 2026
INTELLIGENT
BIO SOLUTIONS INC.
(Exact
name of registrant as specified in its charter)
| Delaware |
|
001-39825 |
|
82-1512711 |
(State
of
Incorporation) |
|
(Commission
File
Number) |
|
(IRS
employer
identification
no.) |
135
West 41st Street, 5th Floor
New
York, NY 10036
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: (646) 790-5756
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| Common
Stock, $0.01 par value |
|
INBS |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
1.01 Entry into a Material Definitive Agreement.
On
August 31, 2026, Intelligent Bio Solutions Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase
Agreement”) with a single institutional investor for the sale by the Company of (i) 2,036,659 shares (the “Shares”)
of the Company’s common stock (or Series M Pre-funded warrants in lieu thereof (the “Pre-Funded Warrants”)), par value
$0.01 per share (the “Common Stock”), (ii) Series N-1 warrants to purchase up to an aggregate of 2,036,659 shares of Common
Stock (the “Series N-1 Warrants”), and (iii) Series N-2 warrants to purchase up to an aggregate of 2,036,659 shares of Common
Stock (the “Series N-2 Warrants” and, collectively with the Series N-1 Warrants and Pre-Funded Warrants, the “Warrants”),
in a private placement offering (the “Offering”). The combined purchase price of one share of Common Stock (or one Pre-Funded
Warrant) and accompanying Series N-1 Warrant and Series N-2 Warrant was $2.455. The Offering closed on September 2, 2026. At the closing
of the Offering, 2,036,659 Pre-Funded Warrants were issued in lieu of Common Stock.
Subject
to certain ownership limitations, the Series N-1 Warrants and Pre-Funded Warrants are exercisable upon issuance. Subject to the satisfaction
of certain conditions, the Series N-1 Warrants are callable at the Company’s option following the Company’s public announcement
that it has received 510(k) clearance from the U.S. Food and Drug Administration permitting the commercial marketing and sale of the
Company’s Intelligent Fingerprinting Drug Screening System. The Series N-2 Warrants are exercisable on and after the date on which
the Company obtains shareholder approval for the issuance of the shares underlying the Series N-2 Warrants. Each Pre-Funded Warrant is
exercisable into one share of Common Stock at a price per share of $0.01 (as adjusted from time to time in accordance with the terms
thereof) and may be exercised at any time until the Pre-Funded Warrants are exercised in full. Each Series N-1 Warrant and Series N-2
Warrant is exercisable into one share of Common Stock at a price per share of $2.33 (as adjusted from time to time in accordance with
the terms thereof). The Series N-1 Warrants and Series N-2 Warrants each have a term of five years following the date a registration
statement registering all warrant shares underlying the Series N-1 Warrants and Series N-2 Warrants is declared effective by the United
States Securities and Exchange Commission (the “SEC”).
The
gross proceeds to the Company from the Offering were approximately $5.0 million, before deducting the placement agent’s fees and
other offering expenses, and excluding the proceeds, if any, from the cash exercise of the Warrants. The Company intends to use the net
proceeds from the Offering for working capital and for general corporate purposes.
In
connection with the Purchase Agreement, the Company entered into a Registration Rights Agreement and agreed to file by September 15,
2026, a resale registration statement (the “Resale Registration Statement”) with the SEC covering all shares of Common Stock
sold to investors and the shares of Common Stock issuable upon exercise of the Warrants, and to use its best efforts to cause the Resale
Registration Statement to be declared effective no later than October 15, 2026.
The
Shares, the Warrants, and the shares issuable upon exercise of the Warrants were sold and issued without registration under the Securities
Act of 1933, as amended (the “Securities Act”), in reliance on the exemptions provided by Section 4(a)(2) of the Securities
Act as transactions not involving a public offering and Rule 506 of Regulation D promulgated under the Securities Act as sales to accredited
investors, and in reliance on similar exemptions under applicable state laws.
The
representations, warranties and covenants contained in the Purchase Agreement were made solely for the benefit of the parties to the
Purchase Agreement. In addition, such representations, warranties and covenants: (i) are intended as a way of allocating the risk between
the parties to the Purchase Agreement and not as statements of fact, and (ii) may apply standards of materiality in a way that is different
from what may be viewed as material by stockholders of, or other investors in, the Company. Accordingly, the Purchase Agreement is filed
with this report only to provide investors with information regarding the terms of the transaction, and not to provide investors with
any other factual information regarding the Company. Information concerning the subject matter of the representations and warranties
may change after the date of the Purchase Agreement, which subsequent information may or may not be fully reflected in public disclosures.
On
August 31, 2026, the Company entered into a Placement Agency Agreement with Ladenburg Thalmann & Co. Inc. (the “Placement Agent”)
pursuant to which the Company agreed to pay the Placement Agent (i) a cash fee equal to 8.0% of the gross proceeds received by the Company
in the Offering; (ii) a management fee equal to 1.0% of the gross proceeds received by the Company in the Offering; (iii) a cash fee
equal to 9.0% of the gross proceeds received by the Company from the cash exercise of any Series N-1 Warrants and Series N-2 Warrants;
(iv) common stock purchase warrants, issued to the Placement Agent or its designees, to purchase shares of Common Stock equal to 5.0%
(or 101,833 shares) of the aggregate number of Shares and Pre-Funded Warrants sold in the Offering (the “Placement Agent Warrants”);
and (v) reimbursement of the Placement Agent’s expenses in an amount up to $145,000. The Placement Agent Warrants have a term of
five years following the date a registration statement registering all warrant shares underlying the Placement Agent Warrants is declared
effective by the SEC and have an exercise price of $3.06875 per share.
The
form of the Purchase Agreement, the Registration Rights Agreement, the Placement Agency Agreement, the Series N-1 Warrant, the Series
N-2 Warrant, the Pre-Funded Warrant and Placement Agent Warrant are filed as Exhibits 10.1, 10.2, 10.3, 4.1, 4.2, 4.3, and 4.4, respectively,
to this Current Report on Form 8-K. The foregoing summaries of the terms of these documents are subject to, and qualified in their entirety
by, such documents, which are incorporated herein by reference.
Item
3.02 Unregistered Sales of Equity Securities.
The
information contained above in Item 1.01 related to the Offering, the Shares, the Warrants, the Placement Agent Warrants, and the shares
of Common Stock issuable thereunder is hereby incorporated by reference into this Item 3.02.
Item
7.01 Regulation FD Disclosure.
On
September 1, 2026, the Company issued a press release announcing the Offering. A copy of the press release is attached hereto as Exhibit
99.1 and is incorporated herein by reference.
The
information contained in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed
to be “filed” for the purpose of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall
it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, unless specifically
identified therein as being incorporated by reference.
Item
9.01 Financial Statements and Exhibits.
| No. |
|
Description |
| 4.1 |
|
Form of Series N-1 Warrant |
| 4.2 |
|
Form of Series N-2 Warrant |
| 4.3 |
|
Form of Series M Pre-Funded Warrant |
| 4.4 |
|
Form of Placement Agent Warrant |
| 10.1 |
|
Form of Securities Purchase Agreement |
| 10.2 |
|
Form of Registration Rights Agreement |
| 10.3 |
|
Placement Agency Agreement |
| 99.1 |
|
Press release dated September 1, 2026 |
| 104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
| Date:
September 2, 2026 |
|
|
| |
INTELLIGENT
BIO SOLUTIONS INC. |
| |
|
|
| |
By: |
/s/
Spiro Sakiris |
| |
Name: |
Spiro
Sakiris |
| |
Title: |
Chief
Financial Officer |
Exhibit 99.1

Press Release
Intelligent
Bio Solutions Announces Private Placement of up to $15 Million to a Single Existing Institutional Investor Priced At-the-Market Under
Nasdaq Rules
$5
Million Upfront at Closing and $5 Million Tranche Warrant Callable by the Company Following FDA 510(k) Clearance of Intelligent Fingerprinting
Drug Screening System
NEW
YORK, September 01, 2026 – Intelligent Bio Solutions Inc. (“INBS” or the “Company”) (Nasdaq:
INBS), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced that it has entered
into a securities purchase agreement with a single existing institutional investor to issue, in a private placement priced at-the-market
under Nasdaq rules, 2,036,659 shares of common stock (or Series M pre-funded warrants in lieu thereof), Series N-1 warrants
to purchase up to an aggregate of 2,036,659 shares of common stock, and Series N-2 warrants to purchase up to an aggregate
of 2,036,659 shares of common stock, at a combined purchase price of $2.455 per share of common stock (or Series M pre-funded
warrant) and associated Series N-1 warrants and Series N-2 warrants, for expected gross proceeds to INBS of approximately $5.0 million,
before deducting placement agent fees and other offering expenses payable by the Company.
The
Series N-1 warrants and Series N-2 warrants will have an exercise price of $2.33 per share of common stock. The Series N-1 warrants will
be exercisable immediately upon issuance and the Series N-2 warrants will be exercisable upon stockholder approval. The Series N-1 warrants
will have a term of five years following the date a registration statement registering all Series N-1 warrant shares is declared effective
by the United States Securities and Exchange Commission (the “SEC”). The Series N-2 warrants will have a term of five years
following the date a registration statement registering all Series N-2 warrant shares is declared effective by the SEC.
Subject
to the satisfaction of certain conditions, the Series N-1 warrants are callable at the Company’s option following the Company’s
public announcement, via a widely disseminated press release, that it has received 510(k) clearance from the U.S. Food and Drug Administration
permitting the commercial marketing and sale of the Company’s Intelligent Fingerprinting Drug Screening System.
Ladenburg
Thalmann & Co. Inc. is acting as the exclusive placement agent for the private placement.
The
closing of the private placement is expected to occur on or about September 2, 2026, subject to the satisfaction of customary closing
conditions. The Company intends to use the net proceeds from the private placement for working capital and for general corporate purposes.

The
offer and sale of the foregoing securities are being made in a transaction not involving a public offering and the securities have not
been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws.
Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or
an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. Under an
agreement with the investor, the Company agreed to file an initial registration statement with the SEC covering the resale of the shares
of common stock to be issued to the investor (including the shares of common stock issuable upon the exercise of the warrants) no later
than 15 calendar days following the date of the agreement and to use its best efforts to have the registration statement declared effective
as promptly as practical thereafter, and in any event no later than 45 days after the date of such agreement.
This
press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale
of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration
or qualification under the securities laws of any such state or other jurisdiction.
About Intelligent
Bio Solutions Inc.
Intelligent
Bio Solutions Inc. (Nasdaq: INBS) is a medical technology company delivering intelligent, rapid, non-invasive testing solutions.
The Company believes that its Intelligent Fingerprinting Drug Screening System will revolutionize portable testing through
fingerprint sweat analysis, which has the potential for broader applications in additional fields. Designed as a hygienic and
cost-effective system, the test screens for the recent use of drugs commonly found in the workplace, including opiates, cocaine, methamphetamine,
and cannabis. With sample collection in seconds and results in under ten minutes, this technology would be a valuable tool for employers
in safety-critical industries. The Company’s current customer segments outside the U.S. include construction, manufacturing and
engineering, transport and logistics firms, mining, drug treatment organizations, and coroners.
For
more information, visit: http://www.ibs.inc/


Forward-Looking
Statements:
Some
of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties.
Forward-looking statements in this press release include, without limitation, statements regarding Intelligent Bio Solutions Inc.’s
ability to consummate the proposed transaction described in this press release, to successfully develop and commercialize its drug and
diagnostic tests, realize commercial benefits from its partnerships and collaborations, secure regulatory clearance or approvals, and
timelines to enter the U.S. market, among others. Although Intelligent Bio Solutions Inc. believes that the expectations reflected
in such forward-looking statements are reasonable as of the date made, actual results may differ materially from those expressed
or implied by such statements. Intelligent Bio Solutions Inc. has attempted to identify forward-looking statements by terminology, including
“believes,” “estimates,” “anticipates,” “expects,” “plans,” “projects,”
“intends,” “potential,” “may,” “could,” “might,” “will,” “should,”
and “approximately,” or other words that convey uncertainty of future events or outcomes to identify these forward-looking
statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those
described in Intelligent Bio Solutions’ public filings with the U.S. Securities and Exchange Commission. Any forward-looking statements
contained in this release speak only as of the date of this release. Intelligent Bio Solutions undertakes no obligation to update any
forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence
of unanticipated events.
Company Contact:
Intelligent Bio
Solutions Inc.
info@ibs.inc
Investor &
Media Contact:
Valter
Pinto, Managing Director
KCSA Strategic Communications
PH: (212) 896-1254
INBS@kcsa.com