---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-010928"
form_type: "8-K"
ticker: "CYDY"
cik: "0001175680"
company_name: "CytoDyn Inc."
filed_at: "2022-07-25T23:59:59+00:00"
generated_at: "2026-06-24T09:05:05.371583+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CytoDyn amends surety bond backstop deal; warrant exercise price cut to $0.20, indemnity extended to Nov 15

## Summary
- Warrant exercise price reduced from $0.30 to $0.20 per share for 30M shares of common stock.
- Make-Whole Warrant for 15M shares becomes immediately exercisable; previously contingent on indemnitor payment.
- Deadline for Indemnitors' surety bond indemnity extended from Aug 13 to Nov 15, 2022.
- Registration statement filing deadline for warrant shares extended to Dec 31, 2022.
- Indemnitors waive share reservation requirement until stockholder vote on 350M share increase by Oct 14, 2022.

## SEC filing metadata
- accession: 0001558370-22-010928
- form_type: 8-K
- ticker: CYDY
- cik: 0001175680
- company_name: CytoDyn Inc.
- filed_at: 2022-07-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175680/000155837022010928/0001558370-22-010928-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175680/000155837022010928/cydy-20220718x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-010928
- JSON: https://secwatch.observer/filing/0001558370-22-010928.json
- Plain text: https://secwatch.observer/filing/0001558370-22-010928.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.