secwatch.observer — SEC 8-K summary
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Issuer:     Cibus, Inc. (CBUS)
CIK:        0001705843
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001193125-23-263032
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705843/000119312523263032/0001193125-23-263032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705843/000119312523263032/d485608d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-263032

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