Calyxt reports Q1 cash $2.1M, merger with Cibus Global on track for Q2 close

Cibus, Inc.

Merger with Cibus Global expected to close in Q2 2023; special meeting of stockholders set for May 18, 2023.
Executed 1-for-10 reverse stock split on April 24, 2023 to regain Nasdaq compliance.
Cash and cash equivalents $2.1M at March 31, 2023; cash runway sufficient through Q2 with Cibus funding.
Total operating expenses reduced to $4.5M from $6.1M year-over-year; revenues were nominal.
Settlement with technology vendor: received $750,000 in Q1 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cibus, Inc. reported financial results for the three months ended March 31, 2023.

Period: the three months ended March 31, 2023
Result: reported results

Exact text from the filing

On May 1, 2023, Calyxt, Inc. (the “Company”) announced its financial results for the three months ended March 31, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Cibus, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-130380

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