secwatch.observer — SEC 8-K summary
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Issuer:     CytoDyn Inc. (CYDY)
CIK:        0001175680
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001558370-23-003170
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

CytoDyn raises $4.9M through private placement of 21.3M units at $0.23/unit
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175680/000155837023003170/0001558370-23-003170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175680/000155837023003170/cydy-20230302x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-003170

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