other material
confidence high
sentiment neutral
materiality 0.65
Cibus raises ~$13.5M in public offering of 6.98M shares at $2.15/share
Cibus, Inc.
- Underwritten public offering of 6,976,744 shares of Class A common stock at $2.15 per share.
- Net proceeds estimated at $13.5M ($16.0M if underwriter's over-allotment option exercised in full).
- BTIG, LLC serving as sole underwriter with a 7.0% discount and up to $150,000 expense reimbursement.
- Offering expected to close March 27, 2026; 30-day option for additional 1,046,511 shares.
- Lock-up agreements for 60 days for directors, executive officers, and company.