secwatch.observer — SEC 8-K summary
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Issuer:     CytoDyn Inc. (CYDY)
CIK:        0001175680
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001193125-22-142424
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

CytoDyn raises $4.8M via private placement of 17.6M units at 85% of VWAP
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- Issued 107,707 shares to former exec for $36,671 in severance satisfaction.
- Received commitments for ~17.6M units (1 share + 3/4 warrant) raising $4,785,000.
- Warrants: 5-year term, exercise price = 85% of intraday VWAP on pricing date.
- Placement agent: 13% cash fee plus warrants for 13% of shares sold in offering.
- Company to file resale registration statement within 90 days of final closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175680/000119312522142424/0001193125-22-142424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175680/000119312522142424/d359113d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-142424

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer