secwatch.observer — SEC 8-K summary
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Issuer:     CytoDyn Inc. (CYDY)
CIK:        0001175680
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001558370-23-002706
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

CytoDyn reports unregistered equity sales of ~$3.7M; President invests $100K
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- Private placement raised ~$3.6M from ~15.7M units at $0.23/unit; warrants exercisable at $0.50 for 5 years.
- President Dr. Cyrus Arman invested $100,000 for ~434,782 units on same terms as placement.
- Issued warrant to Dr. David F. Welch for 7.5M shares at $0.10 exercise price under Surety Bond Backstop.
- Total unregistered sales exceeded 5% of outstanding common stock as of Feb 1, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175680/000155837023002706/0001558370-23-002706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175680/000155837023002706/cydy-20230224x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-002706

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