---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015074"
form_type: "8-K"
ticker: "CYDY"
cik: "0001175680"
company_name: "CytoDyn Inc."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:27:52.847195+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CytoDyn discloses unregistered equity sales raising ~$3.5M with heavy dilution

## Summary
- Converted $2.0M of convertible note principal into ~9.8M shares via exchange; relied on Section 3(a)(9).
- April 2023 private placement sold ~0.5M units at $0.23/unit; net proceeds ~$0.1M.
- Mid-2023 offering raised ~$1.1M from 5.4M units at ~$0.20/unit; placement agent gets 12% fee plus warrants.
- $2.3M placement agent notes converted into ~11.5M shares at $0.20/unit; additional ~11.5M warrants issued at $0.306/share.
- Aggregate dilution from these transactions exceeds ~22M shares plus warrants; registration of resale shares committed.

## SEC filing metadata
- accession: 0001558370-23-015074
- form_type: 8-K
- ticker: CYDY
- cik: 0001175680
- company_name: CytoDyn Inc.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175680/000155837023015074/0001558370-23-015074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175680/000155837023015074/cydy-20230811x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015074
- JSON: https://secwatch.observer/filing/0001558370-23-015074.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015074.txt

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