secwatch.observer — SEC 8-K summary
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Issuer:     Cibus, Inc. (CBUS)
CIK:        0001705843
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001193125-25-010355
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 ~$22.6M in registered direct offering; CEO Riggs participates at $2.50/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705843/000119312525010355/0001193125-25-010355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705843/000119312525010355/d857072d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-010355

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