IPO - NutriBand Inc.

Form Type: POS AM

Filing Date: 2025-07-03

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025061456

Filing Summary: Nutriband Inc. filed a Post-Effective Amendment to update its registration statement under the Securities Act of 1933 related to the public offering of 957,980 shares of common stock underlying warrants from its IPO on October 1, 2021. The common stock and warrants are traded on the NASDAQ under symbols 'NTRB' and 'NTRBW', respectively. As of July 2, 2025, 458,820 warrants have been exercised, generating net proceeds of $2,954,561, while 957,980 warrants remain unexercised. The filing indicates a planned issuance of a 25% preferred stock dividend to shareholders, with a record date set for July 25, 2025. The last reported sale price of the common stock was $10.72, and the warrants were priced at $4.00 as of July 2, 2025. The document outlines risks related to FDA approval, market volatility, and potential delays in clinical trials, emphasizing the speculative nature of investments in the company. It also notes that the company has faced significant losses and highlights various risk factors that could materially impact its operations and business strategy.