Cyanotech completes $400K private placement of 400K shares at $1.00

CYANOTECH CORP

Sold 400,000 shares at $1.00/share for gross proceeds of $400K to The Michael Arlen Davis Revocable Trust.
Proceeds will be used for general working capital.
Shares are restricted with piggyback registration rights; issued under Section 4(a)(2) exemption.
Investor is an accredited investor; shares not registered under Securities Act.

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