Announcement PDF This appendix is available as an online form Only use this form if the online version is not available Rule 3.10.3 Appendix 3B Proposed issue of securities Information and documents given to ASX become ASX’s property and may be made public. If you are an entity incorporated outside Australia and you are proposing to issue a new class of securities that will not have CDIs issued over them, you will need to obtain and provide an International Securities Identification Number (ISIN) for that class. For offers where the securities proposed to be issued are in an existing class of security, and the event timetable includes rights (or entitlement for non-renounceable issues), and deferred settlement trading or a representation of such, ASX requires the issuer to advise ASX of the ISIN code for the rights (or entitlement), and deferred settlement trading. This code will be different to the existing class. If the securities do not rank equally with the existing class, the same ISIN code will be used for that security to continue to be quoted while it does not rank. Further information on the requirement for the notification of an ISIN is available from the Create Online Forms page. ASX is unable to create the new ISIN for non-Australian issuers. *Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity. + See chapter 19 for defined terms 5 February 2024 Page 1 This appendix is available as an online form Appendix 3B Proposed issue of securities Part 1 – Entity and announcement details Question no Question Answer 1.1 *Name of entity We (the entity here named) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). Imagion Biosystems Limited 1.2 *Registration type and number ACN 616305027 Please supply your ABN, ARSN, ARBN, ACN or another registration type and number (if you supply another registration type, please specify both the type of registration and the registration number). 1.3 *ASX issuer code IBX 1.4 *This announcement is ☐ A new announcement Tick whichever is applicable. ☒ An update/amendment to a previous announcement ☐ A cancellation of a previous announcement 1.4a *Reason for update Answer this question if your response to Q 1.4 is “An update/amendment to previous announcement”. A reason must be provided for an update. + See chapter 19 for defined terms 5 February 2024 Correction to proposed number of securities under the placement as announced on 10 October 2024 Page 2 This appendix is available as an online form 1.4b *Date of previous announcement(s) to this update Appendix 3B Proposed issue of securities 10 October 2024 Answer this question if your response to Q 1.4 is “An update/amendment to previous announcement”. 1.4c *Reason for cancellation N/A Answer this question if your response to Q 1.4 is “A cancellation of previous announcement”. 1.4d *Date of previous announcement(s) to this cancellation N/A Answer this question if your response to Q 1.4 is “A cancellation of previous announcement”. 1.5 *Date of this announcement 14 October 2024 1.6 *The proposed issue is: ☐ A +bonus issue (complete Parts 2 and 8) Note: You can select more than one type of issue (e.g. an offer of securities under a securities purchase plan and a placement, however ASX may restrict certain events from being announced concurrently). Please contact your ASX listings compliance adviser if you are unsure. ☐ A standard +pro rata issue (non-renounceable or renounceable) (complete Q1.6a and Parts 3 and 8) ☐ An accelerated offer (complete Q1.6b and Parts 3 and 8) ☐ An offer of +securities under a +securities purchase plan (complete Parts 4 and 8) ☐ A non-+pro rata offer of +securities under a +disclosure document or +PDS (complete Parts 5 and 8) ☐ A non-+pro rata offer to wholesale investors under an information memorandum (complete Parts 6 and 8) ☒ A placement or other type of issue (complete Parts 7 and 8) + See chapter 19 for defined terms 5 February 2024 Page 3 This appendix is available as an online form Appendix 3B Proposed issue of securities Part 7 – Details of proposed placement or other issue If your response to Q1.6 is “A placement or other type of issue”, please complete Parts 7A – 7F and the details of the securities proposed to be issued in Part 8. Part 7A – Proposed placement or other issue – conditions Question No. Question Answer 7A.1 *Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes For example, this could include: • +Security holder approval • Court approval • Lodgement of court order with +ASIC • ACCC approval • FIRB approval Disregard any approvals that have already been obtained or conditions that have already been satisfied. 7A.1a Conditions Answer these questions if your response to 7A.1 is “Yes”. *Approval/ condition Type *Date for determination Select the applicable approval/condition from the list (ignore those that are not applicable). More than one approval/condition can be selected. The ‘date for determination’ is the date that you expect to know if the approval is given or condition is satisfied (for example, the date of the security holder meeting in the case of security holder approval or the date of the court hearing in the case of court approval). +Security holder approval November 2024 *Is the date estimated or actual? **Approval received/ condition met? Estimated No Comments Please answer “Yes” or “No”. Only answer this question when you know the outcome of the approval. 141,088,362 Shares and 75,000,000 options (Tranche 2) Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Other (please specify in comment section) Part 7B – Details of proposed placement or other issue - issue details Question No. Question Answer 7B.1 *+Class of +securities to be offered under the placement or other issue (please enter both the ASX security code & description) IBX: Fully Paid Ordinary Shares NEW CLASS: Placement Options Expiring 20 November 2027 + See chapter 19 for defined terms 5 February 2024 Page 4 This appendix is available as an online form 7B.2 Number of +securities proposed to be issued Appendix 3B Proposed issue of securities 141,088,362 Fully Paid Ordinary Shares 75,000,000 Placement Options If the number of securities proposed to be issued is based on a formula linked to a variable (for example, VWAP or an exchange rate or interest rate), include the number of securities based on the variable as at the date the Appendix 3B is lodged with ASX and add a note in the “Any other information the entity wishes to provide about the proposed offer” field at the end of this form making it clear that this number is based on the variable as at the date of the Appendix 3B and that it may change. 7B.3 *Are the +securities proposed to be issued being issued for a cash consideration? Yes If the securities are being issued for nil cash consideration, answer this question “No”. 7B.3a *In what currency is the cash consideration being paid AUD For example, if the consideration is being paid in Australian Dollars, state AUD. Answer this question if your response to Q7B.3 is “Yes”. 7B.3b *What is the issue price per +security $0.020 per share Answer this question if your response to Q7B.3 is “Yes” and by reference to the issue currency provided in your response to Q7B.3a. Note: you cannot enter a nil amount here. If the securities are being issued for nil cash consideration, answer Q7B.3 as “No” and complete Q7B.3d. 7B.3c AUD equivalent to issue price amount per +security N/A Answer this question if the currency is non-AUD 7B.3d Please describe the consideration being provided for the +securities N/A Answer this question if your response to Q7B.3 is “No”. 7B.3e Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities N/A Answer this question if your response to Q7B.1 is “No”. Part 7C – Proposed placement or other issue – timetable Question No. Question Answer 7C.1 *Proposed +issue date 18 November 2024 + See chapter 19 for defined terms 5 February 2024 Page 5 This appendix is available as an online form Appendix 3B Proposed issue of securities Part 7D – Proposed placement or other issue – listing rule requirements Question No. Question Answer 7D.1 *Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes Answer this question if the issuer is an ASX Listing (i.e. not an ASX Debt Listing or ASX Foreign Exempt Listing). If the issuer has obtained security holder approval for part of the issue only and is therefore relying on its placement capacity under listing rule 7.1 and/or listing rule 7.1A for the remainder of the issue, the response should be ‘no’. 7D.1a *Date of meeting or proposed meeting to approve the issue under listing rule 7.1 18 November 2024 Answer this question if the issuer is an ASX Listing and your response to Q7D.1 is “Yes”. 7D.1b *Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? No Answer this question if the issuer is an ASX Listing and your response to Q7D.1 is “No”. 7D.1b(i) *How many +securities are proposed to be issued without +security holder approval using the entity’s 15% placement capacity under listing rule 7.1? N/A Answer this question the issuer is an ASX Listing, your response to Q7D.1 is “No” and if your response to Q7D.1b is “Yes”. Please complete and separately send by email to your ASX listings adviser a work sheet in the form of Annexure B to Guidance Note 21 confirming the entity has the available capacity under listing rule 7.1 to issue that number of securities. 7D.1c *Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No Answer this question if the issuer is an ASX Listing and your response to Q7D.1 is “No”. 7D.1c(i) *How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A? N/A Answer this question if the issuer is an ASX Listing, your response to Q7D.1 is “No” and your response to Q7D.1c is “Yes”. Please complete and separately send by email to your ASX listings adviser a work sheet in the form of Annexure C to Guidance Note 21 confirming the entity has the available capacity under listing rule 7.1A to issue that number of securities. + See chapter 19 for defined terms 5 February 2024 Page 6 This appendix is available as an online form 7D.1c(ii) *Please explain why the entity has chosen to do a placement or other issue rather than a +pro rata issue or an offer under a +security purchase plan in which existing ordinary +security holders would have been eligible to participate Appendix 3B Proposed issue of securities N/A Answer this question if the issuer is an ASX Listing, your response to Q7D.1 is “No” and your response to Q7D.1c is “Yes”. 7D.2 *Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes Answer this question if the issuer is an ASX Listing. Note: If your response is “Yes”, this will require security holder approval under listing rule 10.11. 7D.3 *Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No Note: the entity should not apply for quotation of restricted securities 7D.3a *Please enter, the number and +class of the +restricted securities and the date from which they will cease to be +restricted securities N/A Answer this question if your response to Q7D.3 is “Yes”. 7D.4 *Will any of the +securities to be issued be subject to +voluntary escrow? No 7D.4a *Please enter the number and +class of the +securities subject to +voluntary escrow and the date from which they will cease to be subject to +voluntary escrow N/A Answer this question if your response to Q7D.4 is “Yes”. Part 7E – Proposed placement or other issue – fees and expenses Question No. Question Answer 7E.1 *Will there be a lead manager or broker to the proposed issue? Yes 7E.1a *Who is the lead manager/broker? CPS Capital Group Pty Ltd Answer this question if your response to Q7E.1 is “Yes”. 7E.1b *What fee, commission or other consideration is payable to them for acting as lead manager/broker? CPS will receive a management fee of 2% plus GST and a raising fee of 4% plus GST Answer this question if your response to Q7E.1 is “Yes”. 7E.2 *Is the proposed issue to be underwritten? No 7E.2a *Who are the underwriter(s)? N/A Answer this question if your response to Q7E.2 is “Yes”. + See chapter 19 for defined terms 5 February 2024 Page 7 This appendix is available as an online form 7E.2b *What is the extent of the underwriting (i.e. the amount or proportion of the issue that is underwritten)? Appendix 3B Proposed issue of securities N/A Answer this question if your response to Q7E.2 is “Yes”. 7E.2c *What fees, commissions or other consideration are payable to them for acting as underwriter(s)? N/A Answer this question if your response to Q7E.2 is “Yes”. Note: This includes any applicable discount the underwriter receives to the issue price payable by participants in the issue. 7E.2d *Provide a summary of the significant events that could lead to the underwriting being terminated N/A Answer this question if your response to Q7E.2 is “Yes”. Note: You may cross-refer to a covering announcement or to a separate annexure with this information. 7E.3 *Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed issue? No Answer this question if the issuer is an ASX Listing (i.e. not an ASX Debt Listing or ASX Foreign Exempt Listing) and your response to Q7E.2 is “Yes”. Note: If your response is “Yes”, this will require security holder approval under listing rule 10.11. 7E.3a *What is the name of that party? N/A Answer this question if the issuer is an ASX Listing and your response to Q7E.3 is “Yes”. Note: If there is more than one such party acting as underwriter or sub-underwriter include all of their details in this and the next 2 questions. 7E.3b *What is the extent of their underwriting or sub-underwriting (i.e. the amount or proportion of the issue they have underwritten or sub-underwritten)? N/A Answer this question if the issuer is an ASX Listing and your response to Q7E.3 is “Yes”. 7E.3c *What fee, commission or other consideration is payable to them for acting as underwriter or sub-underwriter? N/A Answer this question if the issuer is an ASX Listing and your response to Q7E.3 is “Yes”. Note: This includes any applicable discount the underwriter or sub-underwriter receives to the issue price payable by participants in the issue. + See chapter 19 for defined terms 5 February 2024 Page 8 This appendix is available as an online form 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Appendix 3B Proposed issue of securities Corporate Advisory Fee: CPS will receive a monthly corporate advisory fee of $6,000 plus GST for continuing corporate advisory services in accordance with the terms of the agreement Options: Subject to successful completion of the Placement, CPS or its nominee/s shall receive 15 million options exercisable at A$0.04 per share with a term of 3 years. All options are to be issued for AUD$0.00001 each. Part 7F – Proposed placement or other issue – further information Question No. Question Answer 7F.1 *The purpose(s) for which the entity is issuing the securities ☒ To raise additional working capital You may select one or more of the items in the list. ☐ To fund the retirement of debt ☐ To pay for the acquisition of an asset [provide details below] ☐ To pay for services rendered [provide details below] ☐ Other [provide details below] Additional details: 7F.2 *Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2a *Please explain how the entity will change its dividend/distribution policy if the proposed issue proceeds N/A Answer this question if your response to Q7F.2 is “Yes”. 7F.3 Any other information the entity wishes to provide about the proposed issue + See chapter 19 for defined terms 5 February 2024 No Page 9 This appendix is available as an online form Appendix 3B Proposed issue of securities Part 8 – details of +securities proposed to be issued Answer the relevant questions in this part for the type of +securities the entity proposes to issue. If the entity is proposing to issue more than one class of security, including free attaching securities, please complete a separate version of Part 8 for each class of security proposed to be issued. Part 8A – type of +securities proposed to be issued Question No. Question Answer 8A.1 *The +class of +securities proposed to be issued is: ☒ Additional +securities in a class that is already quoted on ASX ("existing quoted class") Tick whichever is applicable Note: SPP offers must select “existing quoted class” ☐ Additional +securities in a class that is not currently quoted, and not intended to be quoted, on ASX ("existing unquoted class") ☒ New +securities in a class that is not yet quoted, but is intended to be quoted, on ASX ("new quoted class") ☐ New +securities in a class that is not quoted, and not intended to be quoted, on ASX ("new unquoted class") 8A.2 *Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: Answer this question if your response to Q1.6 is “A standard pro rata issue (non-renounceable or renounceable)”, “An accelerated offer”, “A non-pro rata offer to wholesale investors under an information memorandum” or “A placement or other type of issue” and your response to Q8A.1 is “existing quoted class” or “new quoted class”. Note: Under Appendix 2A of the Listing Rules, when the entity applies for quotation of the securities proposed to be issued, it gives a warranty that an offer of the securities for sale within 12 months after their issue will not require disclosure under section 707(3) or 1012C(6) of the Corporations Act. If you are in any doubt as to the application of, or the entity’s capacity to give, this warranty, please see ASIC Regulatory Guide 173 Disclosure for on-sale of securities and other financial products and consult your legal adviser. ☐ The publication of a +disclosure document or +PDS for the +securities proposed to be issued ☐ The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) ☒ The publication of a +disclosure document or +PDS involving the same class of securities as the +securities proposed to be issued that meets the requirements of section 708A(11) or 1012DA(11) ☐ An applicable ASIC instrument or class order ☐ Not applicable – the entity has arrangements in place with the holder that ensure the securities cannot be onsold within 12 months in a manner that would breach section 707(3) or 1012C(6) Note: Absent relief from ASIC, a listed entity can only issue a cleansing notice where trading in the relevant securities has not been suspended for more than 5 days during the shorter of: (a) the period during which the class of securities are quoted; and (b) the period of 12 months before the date on which the relevant securities were issued. Note: If the +securities referred to in this form are being offered under a +disclosure document or +PDS and the entity selects the first or third option in its response to question 8A.1 above (existing quoted class or new quoted class), then by lodging this form with ASX, the entity is taken to have applied for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, the entity will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). + See chapter 19 for defined terms 5 February 2024 Page 10 This appendix is available as an online form Appendix 3B Proposed issue of securities Part 8B – details of +securities proposed to be issued (existing quoted class or existing unquoted class) Answer the questions in this Part if your response to Q8A.1 is “existing quoted class” or “existing unquoted class”. Question No. Question Answer 8B.1 *ASX security code & description IBX: Ordinary Fully Paid 8B.1a ISIN Code for the entitlement or right to participate in a non-renounceable issue; or for the tradeable rights created under a renounceable right issue (if Issuer is foreign company and +securities do not have +CDIs issued over them) N/A 8B.2a *Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes 8B.2b *Is the actual date from which the +securities will rank equally (non-ranking end date) known? N/A Answer this question if your response to Q8B.2a is “No”. 8B.2c *Provide the actual non-ranking end date N/A Answer this question if your response to Q8B.2a is “No” and your response to Q8B.2b is “Yes”. 8B.2d *Provide the estimated non-ranking end period N/A Answer this question if your response to Q8B.2a is “No” and your response to Q8B.2b is “No”. 8B.2e *Please state the extent to which the +securities do not rank equally: N/A  in relation to the next dividend, distribution or interest payment; or  for any other reason Answer this question if your response to Q8B.2a is “No”. For example, the securities may not rank at all, or may rank proportionately based on the percentage of the period in question they have been on issue, for the next dividend, distribution or interest payment or they may not be entitled to participate in some other event, such as an entitlement issue. Part 8C – details of +securities proposed to be issued (new quoted class or new unquoted class) Answer the questions in this Part if your response to Q8A.1 is “new quoted class” or “new unquoted class”. Question No. Question Answer 8C.1 *+Security description NEW Class: Placement Options Expiring 20 November 2027 The ASX security code for this security will be confirmed by ASX in due course. + See chapter 19 for defined terms 5 February 2024 Page 11 This appendix is available as an online form 8C.2 8C.3 Appendix 3B Proposed issue of securities *Security type ☐ Ordinary fully or partly paid shares/units Select one item from the list. ☒ Options Please select the most appropriate security type from the list. This will determine more detailed questions to be asked about the security later in this section. Select “ordinary fully or partly paid shares/units” for stapled securities or CDIs. For interest rate securities, please select the appropriate choice from either “Convertible debt securities” or “Non-convertible debt securities” (tradeable securities); or “Wholesale debt securities” (non-tradeable). Select “Other” for performance shares/units and performance options/rights or if the selections available in the list do not appropriately describe the security being issued. ☐ +Convertible debt securities ISIN code N/A ☐ Non-convertible +debt securities ☐ Redeemable preference shares/units ☐ Wholesale debt securities ☐ Other Answer this question if you are an entity incorporated outside Australia and you are proposing to issue a new class of securities that will not have CDIs issued over them. See also the note at the top of this form. 8C.3a ISIN Code for the entitlement or right to participate in a non-renounceable issue; or for the tradeable rights created under a renounceable right issue (if Issuer is foreign company and +securities do not have +CDIs issued over them) N/A 8C.4a *Will all the +securities proposed to be issued in this class rank equally in all respects from the issue date? Yes 8C.4b *Is the actual date from which the +securities will rank equally (non-ranking end date) known? N/A Answer this question if your response to Q8C.4a is “No”. 8C.4c *Provide the actual non-ranking end date N/A Answer this question if your response to Q8C.5a is “No” and your response to Q8C.4b is “Yes”. 8C.4d *Provide the estimated non-ranking end period N/A Answer this question if your response to Q8C.4a is “No” and your response to Q8C.4b is “No”. 8C.4e *Please state the extent to which the +securities do not rank equally: N/A  in relation to the next dividend, distribution or interest payment; or  for any other reason Answer this question if your response to Q8C.4a is “No”. For example, the securities may not rank at all, or may rank proportionately based on the percentage of the period in question they have been on issue, for the next dividend, distribution or interest payment; or they may not be entitled to participate in some other event, such as an entitlement issue. + See chapter 19 for defined terms 5 February 2024 Page 12 This appendix is available as an online form 8C.5 Please attach a document or provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Appendix 3B Proposed issue of securities cdn-api.markitdigital.com/apimangateway/ASX/asxresearch/1.0/file/2924-028648263A652728&v=fc9bdb61fe50ea61f8225 e24ce041a0e155a9400 You may cross-reference a disclosure document, PDS, information memorandum, investor presentation or other announcement with this information provided it has been released to the ASX Market Announcements Platform. 8C.6 *Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Answer this question only if you are an ASX Listing. (ASX Foreign Exempt Listings and ASX Debt Listings do not have to answer this question). If your response is “No” and the securities have any unusual terms, you should approach ASX as soon as possible for confirmation under listing rule 6.1 that the terms are appropriate and equitable. 8C.7a Ordinary fully or partly paid shares/units details Answer the questions in this section if you selected this security type in your response to Question 8C.2. *+Security currency N/A This is the currency in which the face amount of an issue is denominated. It will also typically be the currency in which distributions are declared. *Will there be +CDIs issued over the +securities? N/A *+CDI ratio N/A Answer this question if you answered “Yes” to the previous question. This is the ratio at which CDIs can be transmuted into the underlying security (e.g. 4:1 means 4 CDIs represent 1 underlying security whereas 1:4 means 1 CDI represents 4 underlying securities). *Is it a partly paid class of +security? N/A *Paid up amount: unpaid amount N/A Answer this question if answered “Yes” to the previous question. The paid up amount represents the amount of application money and/or calls which have been paid on any security considered ‘partly paid’ The unpaid amount represents the unpaid or yet to be called amount on any security considered ‘partly paid’. The amounts should be provided per the security currency (e.g. if the security currency is AUD, then the paid up and unpaid amount per security in AUD). *Is it a stapled +security? N/A This is a security class that comprises a number of ordinary shares and/or ordinary units issued by separate entities that are stapled together for the purposes of trading. 8C.7b Option details Answer the questions in this section if you selected this security type in your response to Question Q8C.2. *+Security currency AUD This is the currency in which the exercise price is payable. + See chapter 19 for defined terms 5 February 2024 Page 13 This appendix is available as an online form *Exercise price Appendix 3B Proposed issue of securities $0.04 per Option The price at which each option can be exercised and convert into the underlying security. The exercise price should be provided per the security currency (i.e. if the security currency is AUD, the exercise price should be expressed in AUD). *Expiry date 20 November 2027 The date on which the options expire or terminate. *Details of the number and type of +security (including its ASX security code if the +security is quoted on ASX) that will be issued if an option is exercised One (1) fully paid ordinary