Cibus is intending to offer shares of its Class A common stock in a public offering. The Chairman of Cibus’s board of directors has indicated an interest in purchasing up to $10.0 million of shares of Class A common stock and/or common stock equivalents in this offering. However, as this is not a binding agreement or commitment to purchase, it is possible that they may elect not to purchase any shares in this offering. Cibus intends to use any net proceeds from the offering to fund further development of its weed management productivity traits for rice, and for working capital and general corporate purposes.