---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-072726"
form_type: "8-K"
ticker: "CBUS"
cik: "0001705843"
company_name: "Cibus, Inc."
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T00:40:11.966721+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Calyxt draws $500K from $3M interest-free line of credit from Cibus to fund ops

## Summary
- Initial $500K draw on $3M unsecured, interest-free revolving facility from merger partner Cibus Global.
- Funds available in $500K increments for ordinary course operating expenses only.
- Calyxt says cash sufficient through Q2 2023; facility was previously disclosed in Jan 2023 merger agreement.
- No interest; draws subject to negative covenants in the merger agreement.

## SEC filing metadata
- accession: 0001193125-23-072726
- form_type: 8-K
- ticker: CBUS
- cik: 0001705843
- company_name: Cibus, Inc.
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705843/000119312523072726/0001193125-23-072726-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705843/000119312523072726/d463774d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-072726
- JSON: https://secwatch.observer/filing/0001193125-23-072726.json
- Plain text: https://secwatch.observer/filing/0001193125-23-072726.txt

## Key facts
- Debt Financings
  Cibus, Inc. incurred revolving credit of up to $3,000,000 with Cibus Global LLC at interest-free.
  - Instrument: revolving credit
  - Principal: up to $3,000,000
  - Counterparty: Cibus Global LLC
  - Rate: interest-free
  - Event: incurrence
  source text: an unsecured, interest-free revolving line of credit of up to $3,000,000 in cash
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705843/000119312523072726/0001193125-23-072726-index.htm

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