---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-137115"
form_type: "8-K"
ticker: "CBUS"
cik: "0001705843"
company_name: "Cibus, Inc."
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T17:06:00.016925+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Calyxt draws additional $500K from Cibus credit line; cash runway through Q2 2023

## Summary
- Drew additional $500K from Cibus Global under $3M unsecured interest-free line, aggregate now $2.0M.
- Company believes sufficient cash to fund operations through end of Q2 2023.
- Annual meeting elected Philippe Dumont and Jonathan Fassberg as Class I directors.
- Advisory vote approved executive compensation; say-on-pay frequency set to one year.

## SEC filing metadata
- accession: 0001193125-23-137115
- form_type: 8-K
- ticker: CBUS
- cik: 0001705843
- company_name: Cibus, Inc.
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705843/000119312523137115/0001193125-23-137115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705843/000119312523137115/d383026d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-137115
- JSON: https://secwatch.observer/filing/0001193125-23-137115.json
- Plain text: https://secwatch.observer/filing/0001193125-23-137115.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: 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 ”). Funds can be drawn by Calyxt in $500,000 increments and may only be used to fund
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705843/000119312523137115/0001193125-23-137115-index.htm
- Shareholder Votes
  Cibus, Inc. shareholders approved Election of two Class I directors at the 2023-05-02 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-02
  source text: 1. To elect two Class I directors to our Board of Directors, each to serve a three-year term and until his or her successor has been elected and qualified, or until his or her earlier death, resignation or removal.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705843/000119312523137115/0001193125-23-137115-index.htm
- Shareholder Votes
  Cibus, Inc. shareholders approved Advisory vote to approve the compensation of the Company's named executive officers at the 2023-05-02 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-02
  source text: 2. To approve, on an advisory basis, the compensation of the Company's named executive officers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705843/000119312523137115/0001193125-23-137115-index.htm
- Shareholder Votes
  Cibus, Inc. shareholders approved Advisory vote on the frequency of future votes to approve the compensation of named executive officers at the 2023-05-02 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-02
  source text: 3. To approve, on an advisory basis, the frequency of future votes to approve the compensation of the Company's named executive officers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705843/000119312523137115/0001193125-23-137115-index.htm
- Shareholder Votes
  Cibus, Inc. shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for the year ending December 31, 2023 at the 2023-05-02 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-02
  source text: 4. To ratify the appointment by the Audit Committee of Ernst & Young LLP as our independent registered public accounting firm for the year ending December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705843/000119312523137115/0001193125-23-137115-index.htm

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