secwatch.observer — SEC 8-K summary
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Issuer:     Cibus, Inc. (CBUS)
CIK:        0001705843
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001193125-23-158545
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.01, 3.02, 3.03, 4.01, 5.01, 5.02, 5.07, 5.03, 5.05, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cibus completes reverse merger with Calyxt; legacy Calyxt holders own ~4.8%
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- Issued ~16.5M Class A shares to Cibus unitholders; ~17.6M Class A shares outstanding post-close.
- Legacy Calyxt stockholders retain ~4.8% ownership; legacy Cibus holders ~95.2% on fully-exchanged basis.
- Effected 1-for-5 reverse stock split; shares begin trading June 1 under ticker 'CBUS' on Nasdaq.
- Issued 4,642,635 Up-C Units in unregistered offering; Up-C units exchangeable 1:1 for Class A shares.
- Terminated management services agreement with Cellectis; entered new license, registration rights, and tax receivable agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705843/000119312523158545/0001193125-23-158545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705843/000119312523158545/d487053d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-158545

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