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Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 12 – SUBSEQUENT EVENTS

 

Sales of Common Stock

 

During the period from April 1, 2025 through May 8, 2025, the Company sold 279,966 shares of its common stock through its ATM program for net proceeds of $2.1 million.

 

Collaboration Agreement

 

During April 2025, INmune Bio International Limited, a wholly-owned subsidiary of the Company and a vendor entered into a collaboration agreement pursuant to which we were granted a two year lease for manufacturing space in the United Kingdom. The collaboration agreement requires a deposit of approximately $0.5 million, an upfront payment of approximately $0.2 million and additional minimum payments of approximately $1.3 million in the first year and approximately $2.6 million in the second year in addition to certain variable payments based on facility usage.