Core Viewpoint - Cibus, Inc. has announced a public offering of 6,976,744 shares of its Class A Common Stock at a price of $2.15 per share, aiming to raise approximately $15 million for working capital and corporate purposes, particularly for the development of weed management traits in rice [1][3]. Group 1: Offering Details - The offering includes a 30-day option for the underwriter to purchase an additional 1,046,511 shares to cover over-allotments [2]. - The gross proceeds from the offering are expected to be around $15 million, or $17.2 million if the underwriter fully exercises its option [3]. - The offering is set to close on March 27, 2026, pending customary closing conditions [3]. Group 2: Company Overview - Cibus is a leading agricultural technology company focused on developing and licensing plant traits to seed companies, utilizing high-throughput gene editing technologies [7]. - The company is not a seed company but a technology firm that aims to enhance productivity traits for major global row crops at a lower cost and time compared to conventional breeding methods [7].
Cibus, Inc. Announces Pricing of Public Offering of Class A Common Stock