---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-004282"
form_type: "8-K"
ticker: "CYDY"
cik: "0001175680"
company_name: "CytoDyn Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:47:05.193646+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CytoDyn reports unregistered sales of ~20.6M shares and warrants for $3.5M; note exchange adds 10.4M shares

## Summary
- Private placement of ~20.6M units at ~$0.17/unit raised ~$3.5M; each unit = 1 share + 5-yr warrant at $0.21.
- Placement agent receives 13% cash fee + warrants for 15% of shares sold (~3.1M warrants, 10-yr term).
- Convertible note exchange reduced principal by $1.5M, issued ~10.4M shares to note holder in Jan-Feb 2024.
- Sales triggered disclosure because aggregate unregistered sales exceeded 5% of Dec 31, 2023 outstanding shares.
- Issuances exempt under Rule 506(b) (private placement) and Section 3(a)(9) (exchange).

## SEC filing metadata
- accession: 0001558370-24-004282
- form_type: 8-K
- ticker: CYDY
- cik: 0001175680
- company_name: CytoDyn Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175680/000155837024004282/0001558370-24-004282-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175680/000155837024004282/cydy-20240322x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-004282
- JSON: https://secwatch.observer/filing/0001558370-24-004282.json
- Plain text: https://secwatch.observer/filing/0001558370-24-004282.txt

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