---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-063755"
form_type: "8-K"
ticker: "CBUS"
cik: "0001705843"
company_name: "Cibus, Inc."
filed_at: "2024-03-08T23:59:59+00:00"
generated_at: "2026-06-05T00:37:03.894839+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cibus estimates $249.4M non-cash impairment charge on goodwill and IPR&D

## Summary
- Goodwill impairment of $150.4M and in-process R&D impairment of $99.0M for fiscal 2023.
- Total non-cash impairment charge of ~$249.4M, related to assets from Cibus Global merger.
- Triggered by qualitative factors including stock price decline, macro conditions, and development progress.
- Preliminary and unaudited; subject to change upon completion of 10-K and audit by BDO USA.
- Company expects no current or future cash expenditures from the impairments.

## SEC filing metadata
- accession: 0001193125-24-063755
- form_type: 8-K
- ticker: CBUS
- cik: 0001705843
- company_name: Cibus, Inc.
- filed_at: 2024-03-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.06, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705843/000119312524063755/0001193125-24-063755-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705843/000119312524063755/d808151d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-063755
- JSON: https://secwatch.observer/filing/0001193125-24-063755.json
- Plain text: https://secwatch.observer/filing/0001193125-24-063755.txt

## Key facts
- Restructurings & Charges
  Cibus, Inc. announced a impairment with charges of an estimated approximately $249.4 million affecting goodwill and in-process R&D indefinite-lived intangible assets acquired in the merger transactions with Cibus Global, LLC.
  - Type: impairment
  - Charge: an estimated approximately $249.4 million
  - Affected area: goodwill and in-process R&D indefinite-lived intangible assets acquired in the merger transactions with Cibus Global, LLC
  source text: management expects to record a non-cash impairment charge of an estimated approximately $249.4 million for impairment of goodwill and in-process R&D indefinite-lived intangible assets in the consolidated financial statements for the year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705843/000119312524063755/0001193125-24-063755-index.htm

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