Cibus signs up to $80M ATM stock offering with Stifel; replaces prior deal with Jefferies

Cibus, Inc.

Aggregate offering price of up to $80M of Class A common stock via at-the-market offering.
Stifel receives commission up to 3% of gross proceeds; agreement can be terminated on ten days' notice.
Prior Open Market Sales Agreement with Jefferies LLC terminated.
Net proceeds to fund seed trait development, Trait Machine maintenance, R&D, working capital.
Sales at Company's sole discretion; no minimum obligation to sell shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cibus, Inc. entered into Sales Agreement with Stifel, Nicolaus & Company, Incorporated valued at up to $80,000,000 aggregate offering price of Class A common stock (effective 2024-01-02).

Action: entry
Agreement: atm program
Counterparty: Stifel, Nicolaus & Company, Incorporated
Value: up to $80,000,000 aggregate offering price of Class A common stock
Effective: 2024-01-02

Exact text from the filing

On January 2, 2024, Cibus, Inc. (the “ Company ”) entered into a Sales Agreement (the “ Sales Agreement ”) with Stifel, Nicolaus & Company, Incorporated (“ Stifel ”).

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Cibus, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-000212

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