secwatch.observer — SEC 8-K summary
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Issuer:     CytoDyn Inc. (CYDY)
CIK:        0001175680
Form:       8-K/A
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001558370-22-010994
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

CytoDyn raises $21.8M in private placement of units; corrects warrant exercise price to $0.30
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- Raised $21.8M gross via 85.4M units at $0.255/unit; each unit = one share + 0.75 warrant.
- Warrants have 5-year term, exercise price corrected to $0.30 (120% of unit price).
- Placement agent receives 13% cash fee, $50k expense fee, and 19.4M 10-year warrants.
- Issued 43,657 shares to former executive officer for severance payment of $15,523.
- Offering exempt under Rule 506/Reg D and Section 4(a)(2); resale registration planned within 90 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175680/000155837022010994/0001558370-22-010994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175680/000155837022010994/cydy-20220624x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-010994

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