other material
confidence high
sentiment neutral
materiality 0.60
Cibus raises ~$17.9M net in registered direct offering of Class A common stock and pre-funded warrants
Cibus, Inc.
- Offering consisted of 2,106,723 shares at $9.00/share and pre-funded warrants for 50,000 shares at $10.57/warrant.
- Pre-funded warrants exercisable immediately at $0.01/share, subject to an ownership limitation.
- Net proceeds approximately $17.9 million after underwriting discounts and expenses.
- Company agreed to 30-day lock-up; directors, officers, and certain stockholders agreed to 90-day lock-up.
- Stifel and Canaccord Genuity acted as representatives of the underwriters.