Item 1.01 Entry into a Material Definitive Agreement
The Warrants are exercisable by each of the Purchasers for a period of seven
years at an exercise price of
The Notes mature in 18 months and are convertible into shares of Common Stock at
a price of
The foregoing description of the SPA (including the form of Note and Warrant) and the Security Agreement do not purport to be complete and are qualified in their entirety by the provisions thereof which are attached hereto as Exhibits 10.1 and 10.2, respectively, and are incorporated by reference herein.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 10.1 Securities Purchase Agreement by and betweenInnovation1 Biotech Inc. Cavalry Fund I, LP andLincoln Park Capital Fund, LLC (including the Form of Note and Warrant). 10.2 Security Agreement by and between by and betweenInnovation1 Biotech Inc. Cavalry Fund I, LP ,Lincoln Park Capital Fund, LLC andL1 Capital Global Opportunities Master Fund Ltd. 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) 2
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