{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-263032","form_type":"8-K","ticker":"CBUS","cik":"0001705843","company_name":"Cibus, Inc.","filed_at":"2023-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.116757+00:00","generated_at":"2026-06-09T11:01:48.333623+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Cibus CEO provides $5M unsecured line of credit at 12% interest","bullets":["$5M line of credit from CEO Rory Riggs, available Jan 1 to Mar 1 2024, at 12% simple interest, due Jan 1 2026.","Loan unsecured, prepayable without penalty; terminates if Cibus secures $20M debt/equity before Jan 1 2024.","Pro forma combined net loss of $53.9M for six months ended June 30, 2023; net loss attributable to combined company $46.3M.","Basic EPS loss of $2.42 on 19.1M weighted average shares for the six-month period.","Pro forma financials reflect acquisition of Cibus Global as if it occurred on Jan 1, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-263032","json":"https://secwatch.observer/filing/0001193125-23-263032.json","markdown":"https://secwatch.observer/filing/0001193125-23-263032.md","text":"https://secwatch.observer/filing/0001193125-23-263032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1705843/000119312523263032/0001193125-23-263032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1705843/000119312523263032/d485608d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T11:01:48.333623+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9f4c6dd921d453a14c3fa476111a18cb7fa315bd","claim":"Cibus, Inc. incurred loan of $5,000,000 with Rory Riggs at 12% per annum maturing January 1, 2026.","evidence_excerpt":"Mr. Riggs has agreed to make available to the Company a line of credit (the “Loan”) in the aggregate principal amount of $5,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1705843/000119312523263032/0001193125-23-263032-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$5,000,000"},{"label":"Counterparty","value":"Rory Riggs"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"January 1, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}