other material
confidence high
sentiment neutral
materiality 0.70
CytoDyn secures $30M equity funding commitment from Yorkville Advisors over 36 months
CytoDyn Inc.
- Up to $30M in common stock sales to Yorkville over 36 months; company controls timing, no minimum draws.
- Shares priced at 98% of lowest 3-day VWAP; Yorkville capped at 4.99% beneficial ownership.
- Commitment fee of 1% paid in shares (half immediately, half at 6 months); structuring fee $25k.
- Proceeds for working capital, debt repayment, and leronlimab PD-L1 program development.
- No warrants or derivatives; registration statement to be filed for resale.