secwatch.observer — SEC 8-K summary
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Issuer:     CytoDyn Inc. (CYDY)
CIK:        0001175680
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001193125-22-148819
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

CytoDyn raises ~$6.5M in unregistered equity offerings
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- Received subscription agreements for ~24.4M units (1 share + 3/4 warrant) from accredited investors via placement agent.
- Gross proceeds of ~$6.2M from placement agent offering; price per unit set at 85% of volume-weighted avg price.
- Issued 625,000 shares and 312,500 warrants to accredited investor on April 5, 2022, for $0.25M.
- Warrants have 5-year term; company will file registration statement within 90 days of final closing.
- Additional ~4.6M shares and ~5.5M warrants may be issuable under adjustment provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175680/000119312522148819/0001193125-22-148819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175680/000119312522148819/d650707d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-148819

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