---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-009701"
form_type: "8-K"
ticker: "CYDY"
cik: "0001175680"
company_name: "CytoDyn Inc."
filed_at: "2024-07-09T23:59:59+00:00"
generated_at: "2026-05-31T22:31:28.945161+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CytoDyn settles Amarex lawsuit for $12M cash payment and $14M liability elimination

## Summary
- Amarex to pay CytoDyn $12 million total, with $10 million received upon execution.
- Surety bond of $6.5 million released and cash collateral returned to CytoDyn.
- CytoDyn's $14 million accounts payable to Amarex eliminated at no cost.
- Mutual release of all claims ends litigation filed in October 2021.
- CEO cites improved balance sheet and ability to advance leronlimab trials.

## SEC filing metadata
- accession: 0001558370-24-009701
- form_type: 8-K
- ticker: CYDY
- cik: 0001175680
- company_name: CytoDyn Inc.
- filed_at: 2024-07-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175680/000155837024009701/0001558370-24-009701-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175680/000155837024009701/cydy-20240702x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-009701
- JSON: https://secwatch.observer/filing/0001558370-24-009701.json
- Plain text: https://secwatch.observer/filing/0001558370-24-009701.txt

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