Iris BioTechnologies Inc. (OTCPK:IRSB) announced a private placement of 725,730 shares at a price of $0.80 per share to an accredited investor for gross proceeds of $580,584 on March 5, 2014. The company issued securities pursuant to exemption provided under Regulation D.

On March 5, 2014, Iris BioTechnologies Inc. closed the transaction.