---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-003170"
form_type: "8-K"
ticker: "CYDY"
cik: "0001175680"
company_name: "CytoDyn Inc."
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:14:13.088548+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CytoDyn raises $4.9M through private placement of 21.3M units at $0.23/unit

## Summary
- Proceeds of ~$4.9M from sale of ~21.3M units, each unit one share plus one warrant to purchase one share.
- Warrants have 5-year term, exercise price $0.50 per share, exercisable immediately upon issuance.
- Placement agent receives 12% cash fee and 10.7M warrants at $0.23 exercise price (10-year term).
- Unregistered sales exceeded 5% of outstanding common stock as of Feb 28, 2023; relying on Rule 506 and Section 4(a)(2).

## SEC filing metadata
- accession: 0001558370-23-003170
- form_type: 8-K
- ticker: CYDY
- cik: 0001175680
- company_name: CytoDyn Inc.
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175680/000155837023003170/0001558370-23-003170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175680/000155837023003170/cydy-20230302x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-003170
- JSON: https://secwatch.observer/filing/0001558370-23-003170.json
- Plain text: https://secwatch.observer/filing/0001558370-23-003170.txt

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