---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-110595"
form_type: "8-K"
ticker: "CBUS"
cik: "0001705843"
company_name: "Cibus, Inc."
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:25:58.942854+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Calyxt draws additional $500K from Cibus under interim funding; total $1.5M

## Summary
- Drawn an additional $500,000 from the $3M unsecured, interest-free revolving line of credit from Cibus Global LLC.
- Aggregate draws now $1.5 million; available draws remain $1.5 million.
- Draws must be used for ordinary-course operating expenses and are made in $500,000 increments.
- Calyxt believes it has sufficient cash to fund operations through the end of Q2 2023.
- The interim funding is part of the previously announced merger agreement with Cibus.

## SEC filing metadata
- accession: 0001193125-23-110595
- form_type: 8-K
- ticker: CBUS
- cik: 0001705843
- company_name: Cibus, Inc.
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705843/000119312523110595/0001193125-23-110595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705843/000119312523110595/d381935d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-110595
- JSON: https://secwatch.observer/filing/0001193125-23-110595.json
- Plain text: https://secwatch.observer/filing/0001193125-23-110595.txt

## Key facts
- Debt Financings
  Cibus, Inc. incurred revolving credit of $500,000 with Cibus Global LLC at interest-free.
  - Instrument: revolving credit
  - Principal: $500,000
  - Counterparty: Cibus Global LLC
  - Rate: interest-free
  - Event: incurrence
  source text: (“ Calyxt ”) on January 17, 2023 (the “ Merger 8-K ”), pursuant to the terms of the Merger Agreement (as defined in the Merger 8-K), beginning on March 15, 2023, Calyxt can request, and Cibus Global LLC (“ Cibus ”) has agreed to provide, an unsecured, interest-free revolving line of credit of up to $3,000,000 in cash, which amount may be increased as described in the Merger 8-K (the “ Interim Funding ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705843/000119312523110595/0001193125-23-110595-index.htm

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