secwatch.observer — SEC 8-K summary
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Issuer:     Cibus, Inc. (CBUS)
CIK:        0001705843
Form:       8-K
Filed at:   2024-06-13T23:59:59+00:00
Accession:  0001193125-24-160319
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cibus raises ~$13M in direct offering; CEO invests at $10.20/unit
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- Gross proceeds ~$12.98M from sale of 1,298,040 shares and warrants at $10.00 per unit; CEO purchased at $10.20 per unit.
- Common warrants exercisable at $10.00 (CEO $10.07), expire June 13, 2029; redeemable after soybean platform announcement and stock above $20 for 15 days.
- Offering expected to close June 13, 2024; 60-day lock-up on equity issuance and insider sales.
- Placement agent A.G.P. receives fee of 6% on most sales, 3% on certain others; no fee on CEO purchase.
- Shares and warrants issued under effective shelf registration statement on Form S-3 (File No. 333-273062).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705843/000119312524160319/0001193125-24-160319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705843/000119312524160319/d850268d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-160319

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer