Cibus raises ~$22.6M in registered direct offering; CEO Riggs participates at $2.50/share

Cibus, Inc.

Company sells 4,340,000 shares at $2.50 each with common warrants; 4,700,000 pre-funded warrants at $2.4999.
CEO Rory Riggs among purchasers; 60-day lock-up for executives and directors.
Existing investor warrants amended: exercise price cut from $10.00 to $2.50; term extended to 5 years post-closing.
Closing expected Jan 24, 2025 for most investors; warrant exercise requires stockholder approval.
A.G.P./Alliance Global Partners acts as sole placement agent with fees of 7% or 2% on proceeds.

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