Core Viewpoint - Cibus, Inc. has announced a public offering of 13,333,333 shares of its Class A Common Stock at a price of $1.50 per share, aiming to raise approximately $20 million for working capital and corporate purposes [1][3]. Group 1: Offering Details - The public offering price is set at $1.50 per share, with members of Cibus' Board of Directors purchasing 1,000,000 shares at this price [1]. - The underwriter has a 30-day option to purchase an additional 1,999,999 shares to cover over-allotments [2]. - Gross proceeds from the offering are expected to be around $20 million, potentially increasing to $23 million if the underwriter fully exercises its option [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes, including funding the development of weed management traits in rice and covering accrued professional expenses for advisory services [3]. Group 3: 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 to enhance productivity and sustainability in major global row crops [7].