secwatch.observer — SEC 8-K summary
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Issuer:     CytoDyn Inc. (CYDY)
CIK:        0001175680
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001558370-22-010928
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175680/000155837022010928/0001558370-22-010928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175680/000155837022010928/cydy-20220718x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-010928

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