Ibio Inc (IBIO) Major Shareholder Eastern Capital Ltd Buys 12,000,000 Shares

Ibio Inc (NYSEAMERICAN:IBIO) major shareholder Eastern Capital Ltd bought 12,000,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average price of $0.20 per share, with a total value of $2,400,000.00. Following the purchase, the insider now owns 45,744,000 shares of the company’s stock, valued at approximately $9,148,800. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Ibio Inc (NYSEAMERICAN:IBIO) opened at $0.17 on Tuesday. Ibio Inc has a 12 month low of $0.16 and a 12 month high of $0.56.

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Ibio Company Profile

iBio, Inc is a biotechnology company. The Company is focused on commercializing its technologies and product candidates and providing product development and manufacturing services to clients and collaborators. Its technologies include iBioLaunch technology and iBioModulator. The Company’s technologies constitute a transformative platform for development and production of biologics in hydroponically grown green plants.

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