Intensity Therapeutics, Inc. (NASDAQ: INTS) has entered into a securities purchase agreement for a registered direct offering and concurrent private placement, expected to generate approximately $3 million in gross proceeds. The company announced the sale of 1,237,113 common shares at $2.425 each to a healthcare-focused institutional investor, alongside warrants for an additional 1,237,113 shares at $2.95 per share. The offerings aim to bolster the company's working capital and are scheduled to close on November 22, 2024. Intensity Therapeutics is pioneering intratumoral injections for cancer therapies and is conducting various clinical trials, including Phase 3 for soft tissue sarcoma and Phase 2/3 for triple-negative breast cancer.