{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-033943","form_type":"8-K","ticker":"CYDY","cik":"0001175680","company_name":"CytoDyn Inc.","filed_at":"2026-03-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.643556+00:00","generated_at":"2026-05-15T09:09:53.231256+00:00","sec_items":["1.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"CytoDyn extends $57M convertible notes maturity by 36 months, pays $1M/month in stock","bullets":["Note 1 ($28.5M) maturity extended to April 5, 2029; Note 2 ($28.5M) to April 23, 2029.","Monthly payment of $1M in common stock to noteholders priced at lower of prior close or 5-day average.","Annual interest rate on both notes reduced to 5% from prior rate as part of extension.","Total principal unchanged at $57M; company avoids immediate cash repayment through equity issuance.","Extension provides near-term liquidity relief but adds ongoing dilution for shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-033943","json":"https://secwatch.observer/filing/0001104659-26-033943.json","markdown":"https://secwatch.observer/filing/0001104659-26-033943.md","text":"https://secwatch.observer/filing/0001104659-26-033943.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1175680/000110465926033943/0001104659-26-033943-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1175680/000110465926033943/cydy-20260324x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:09:53.231256+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7368d6688712aefd7d3707d83aaf6904d68b67cd","claim":"CytoDyn Inc. amended a notes offering (effective 2026-03-24).","evidence_excerpt":"On March 24, 2026, the Company and the holders of Note 1 and Note 2 (collectively, the “Noteholders”) agreed to extend the maturity date of each of the Notes by 36 months (the “Extension Periods”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1175680/000110465926033943/0001104659-26-033943-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Effective","value":"2026-03-24"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}