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

Issuer:     CytoDyn Inc. (CYDY)
CIK:        0001175680
Form:       8-K
Filed at:   2022-06-30T23:59:59+00:00
Accession:  0001558370-22-010484
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

CytoDyn raises $21.8M in private placement; appoints Cyrus Arman as President
-----------------------------------------------------------------------------

- Raised ~$21.8M gross via ~85.4M units at $0.255/unit; each unit = 1 share + 3/4 warrant (5-yr term).
- Cyrus Arman, Ph.D. appointed President effective July 9, 2022; replaces interim President Migliarese who stays CFO.
- Arman's base salary $458K, target bonus 40%, equity grants (options $750K, RSUs/PSUs $375K) subject to shareholder vote.
- Placement agent receives 13% cash fee + ~19.4M warrants (10-yr) subject to shareholder approval of authorized share increase.
- Issued 43,657 shares to former executive for severance obligation of $15,523.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175680/000155837022010484/0001558370-22-010484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175680/000155837022010484/cydy-20220624x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-010484

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