---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-008869"
form_type: "8-K"
ticker: "CYDY"
cik: "0001175680"
company_name: "CytoDyn Inc."
filed_at: "2024-06-03T23:59:59+00:00"
generated_at: "2026-06-01T06:43:59.495845+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CytoDyn reports unregistered sale of 52.6M units at $0.13/unit, diluting equity by >5%

## Summary
- 52.6M units sold in private placement; 10.1M from note conversions, plus 1.5M follow-on units.
- Each unit: one common share and one warrant (exercise $0.21, 5-year term).
- Placement agent received 13% cash fee and warrants to purchase ~7.9M shares (10-year term).
- Follow-on offering netted ~$0.2M in proceeds.
- Aggregate unregistered sales exceeded 5% of shares outstanding as of March 28, 2024.

## SEC filing metadata
- accession: 0001558370-24-008869
- form_type: 8-K
- ticker: CYDY
- cik: 0001175680
- company_name: CytoDyn Inc.
- filed_at: 2024-06-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175680/000155837024008869/0001558370-24-008869-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175680/000155837024008869/cydy-20240528x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-008869
- JSON: https://secwatch.observer/filing/0001558370-24-008869.json
- Plain text: https://secwatch.observer/filing/0001558370-24-008869.txt

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