---
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"
generated_at: "2026-06-09T11:01:48.333623+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cibus CEO provides $5M unsecured line of credit at 12% interest

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-263032
- JSON: https://secwatch.observer/filing/0001193125-23-263032.json
- Plain text: https://secwatch.observer/filing/0001193125-23-263032.txt

## Key facts
- Debt Financings
  Cibus, Inc. incurred loan of $5,000,000 with Rory Riggs at 12% per annum maturing January 1, 2026.
  - Instrument: loan
  - Principal: $5,000,000
  - Counterparty: Rory Riggs
  - Rate: 12% per annum
  - Maturity: January 1, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1705843/000119312523263032/0001193125-23-263032-index.htm

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