---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000747"
form_type: "8-K"
ticker: "CYDY"
cik: "0001175680"
company_name: "CytoDyn Inc."
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:30:30.329312+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CytoDyn raises ~$7.9M in private placement; issues shares in note exchange

## Summary
- Exchanged $0.5M secured convertible note for 2.5M newly issued common shares on Jan 23, 2023.
- Private placement of ~34.2M units at $0.23/unit; total subscriptions ~$7.9M as of Jan 31, 2023.
- Each unit includes one share and one five-year warrant with $0.50 exercise price.
- Down round provision triggered in Dec 2022; issued ~0.5M additional shares to warrant holders.
- Placement agent receives 12% cash fee plus 10-year warrants for 15% of shares sold.

## SEC filing metadata
- accession: 0001558370-23-000747
- form_type: 8-K
- ticker: CYDY
- cik: 0001175680
- company_name: CytoDyn Inc.
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175680/000155837023000747/0001558370-23-000747-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175680/000155837023000747/cydy-20230126x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000747
- JSON: https://secwatch.observer/filing/0001558370-23-000747.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000747.txt

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