What changed 10-Q

Item 2. Unregistered Sales of Equity Securities

2023-11-09 compared with 2023-08-10 · 6 added, 5 removed, 4 unchanged (73% of the section changed)

Unregistered Sales of Equity Securities and Use of Proceeds

On June 30, 2023, the Company entered into a SPA with Bradbury Asset Management and three unrelated investors resulting in approximately $3 million in gross proceeds.

The completion of the private placement is subject to customary closing conditions, including approval by the NYSE.

Under the terms of the private placement, IGC will issue 10 million shares of unregistered common stock at a price of $0.30 per share.

Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities

As previously disclosed, on June 30, 2023, the Company entered into an SPA with Bradbury Asset Management and three unrelated investors, resulting in approximately $3 million in gross proceeds.

The completion of the private placement was subject to customary closing conditions, including approval by the NYSE.

The shares were issued on September 25, 2023.

Under the terms of the private placement, IGC issued 10 million shares of unregistered common stock at a price of $0.30 per share.

Shares are intended to be exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), by virtue of the provisions of Section 4(a)(2) of the Securities Act and Regulation D and/or Regulation S adopted thereunder.

2 unchanged sentences

Not applicable.

| June 30, 2023, Form 10-Q

| September 30, 2023, Form 10-Q

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.