Company: INTS
Filing Date: 2025-06-12
Form Type: 424B5
Source: 0001628280-25-031040
Chunk: 18

Company: INTENSITY THERAPEUTICS, INC.
Filing Date: 2025-06-12
Form: 424B5
Chunk 18
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 value of $0.2 million, or $0.01 per share of common stock, based on 15,264,869 shares of common stock outstanding. “Historical net tangible book value” is total assets minus the sum of liabilities and intangible assets. “Historical net tangible book value per share” is historical net tangible book value divided by the total number of shares outstanding as of March 31, 2025.

As of March 31, 2025, our pro forma net tangible book value was $2.1 million, or $0.12 per share of common stock. Our pro forma net tangible book value is equal to our total assets minus liabilities and intangible assets, after giving effect to our issuance and sale in April 2025 of 3,133,333 shares of common stock and accompanying common stock warrants to purchase 6,266,666 shares of our common stock for net proceeds of $1.9 million (and assuming no exercise of the common stock warrants and the common stock warrants are classified and accounted for as equity). Pro forma net tangible book value per share represents our pro forma net tangible book value divided by the total number of shares of common stock outstanding as of March 31, 2025, after giving effect to the pro forma adjustments described above.

After giving effect to the sale by us of 6,675,000 shares of common stock in this offering at the public offering price of $0.30 per share and after deducting fees, commissions and estimated offering expenses payable by us, our pro forma as adjusted net tangible book value as of March 31, 2025 would have been $3.6 million , or $0.14 per share. This amount represents an immediate increase in our pro forma net tangible book value of $0.02 per share to our existing stockholders and an immediate dilution in our pro forma as adjusted net tangible book value of $0.16 per share to investors participating in this offering. We determine dilution by subtracting our pro forma as adjusted net tangible book value per share after this offering from the amount of cash paid by an investor for a share of common stock in this offering. The following table illustrates this dilution on a per share basis:

| Public offering price per share                                                                        |     |   |      |     | $ | 0.30 |
| Historical net tangible book value per share as of March 31, 2025                                      |     | $ | 0.01 |     |   |