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

Issuer:     CytoDyn Inc. (CYDY)
CIK:        0001175680
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001558370-23-000747
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175680/000155837023000747/0001558370-23-000747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175680/000155837023000747/cydy-20230126x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000747

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