Cibus, Inc. announced the pricing of its previously announced public offering of 15,714,285 shares of its Class A Common Stock at a purchase price of $1.75 per share. The offering includes participation from institutional and strategic investors, as well as the Chairman of Cibus’ board of directors, who purchased 5,714,286 shares.
The gross proceeds from the offering are expected to be approximately $27.5 million before deducting placement agent fees and other estimated offering expenses. All shares in the offering are being sold by Cibus.
The company intends to use the net proceeds to fund further development of its weed management productivity traits in Rice and for working capital and general corporate purposes, as it pursues longer-term financing. The offering is expected to close on or about June 6, 2025, subject to customary closing conditions.
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