secwatch.observer — SEC 8-K summary
======================================

Issuer:     CytoDyn Inc. (CYDY)
CIK:        0001175680
Form:       8-K
Filed at:   2022-05-31T23:59:59+00:00
Accession:  0001558370-22-009569
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

CytoDyn raises ~$8.8M in private placement of 34.6M units with warrants
-----------------------------------------------------------------------

- Raised $8,834,500 gross from ~34.6M units (1 share + 0.75 warrant) via placement agent.
- Pricing: purchase & warrant exercise price at 85% of intraday VWAP on April 29, 2022 or final close date, whichever lower.
- Placement agent fee: 13% cash + 10-year warrants for 13% of shares sold + $50K expense fee.
- Issued 23,651 shares to a former executive officer for $8,042 severance payment.
- Exemptions relied on: Rule 506 of Reg D and Section 4(a)(2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175680/000155837022009569/0001558370-22-009569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175680/000155837022009569/cydy-20220524x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-009569

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