Cibus priced public offering of 3,000,000 shares at $4.00 per share

From GlobeNewswire: 2024-09-18 08:25:00

Cibus, Inc. announced the pricing of a public offering of 3,000,000 shares of its Class A Common Stock at $4.00 per share. With an option for more shares, the gross proceeds will be about $12.0 million. The offering is expected to close on September 19, 2024. The Company plans to use the proceeds for developing seed traits and general corporate purposes. Roth Capital Partners and A.G.P./Alliance Global Partners are joint book-running managers for the offering. Further details can be found in the prospectus supplement filed with the SEC.

Cibus is a plant trait company that licenses traits to seed companies. Its gene editing technology speeds up trait development and reduces costs. The company focuses on row crops like canola, rice, soybean, corn, and wheat, targeting traits for weed, disease, and insect management. Cibus has a portfolio of six traits in various stages of development. The global economy faces significant losses due to these challenges. Forward-looking statements in this press release pertain to the offering’s anticipated closing and the use of proceeds.



Read more at GlobeNewswire: Cibus Announces Pricing of Public Offering of Class A