---
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"
generated_at: "2026-05-15T09:09:53.231256+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CytoDyn extends $57M convertible notes maturity by 36 months, pays $1M/month in stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-033943
- JSON: https://secwatch.observer/filing/0001104659-26-033943.json
- Plain text: https://secwatch.observer/filing/0001104659-26-033943.txt

## Key facts
- Material Agreements
  CytoDyn Inc. amended a notes offering (effective 2026-03-24).
  - Action: amendment
  - Agreement: notes offering
  - Effective: 2026-03-24
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1175680/000110465926033943/0001104659-26-033943-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.