---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-147101"
form_type: "8-K"
ticker: "CBUS"
cik: "0001705843"
company_name: "Cibus, Inc."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:29:15.610505+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Calyxt extends merger outside date to June 30; Cibus increases interim funding to $5M

## Summary
- Cibus increased interim funding line to $5M aggregate; $2M drawn as of May 17.
- Outside Date under merger agreement extended to June 30, 2023; effects after May 15 not considered for MAE.
- 2023 STIP adopted; bonuses tied to performance and merger closing, target payouts from 25% to 100% of base salary.
- Executive Severance Plan amended: bonus portion of severance based on prior-year actual bonus prorated.
- PSUs intended for named executives (Carr 49k, Koschak 25k) contingent on S-8 filing, performance tied to merger closing.

## SEC filing metadata
- accession: 0001193125-23-147101
- form_type: 8-K
- ticker: CBUS
- cik: 0001705843
- company_name: Cibus, Inc.
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 8.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705843/000119312523147101/0001193125-23-147101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705843/000119312523147101/d491267d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-147101
- JSON: https://secwatch.observer/filing/0001193125-23-147101.json
- Plain text: https://secwatch.observer/filing/0001193125-23-147101.txt

## Key facts
- Debt Financings
  Cibus, Inc. amended revolving credit of increased to $5,000,000 in the aggregate with Cibus Global LLC.
  - Instrument: revolving credit
  - Principal: increased to $5,000,000 in the aggregate
  - Counterparty: Cibus Global LLC
  - Event: amendment
  source text: (“Calyxt” or the “Company”) 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 could 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/1705843/000119312523147101/0001193125-23-147101-index.htm

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