Cibus Launches $22.6 Million Registered Direct Offering

JANUARY 22, 2025

The crop trait development company Cibus has announced a registered direct offering, through which the company expects to receive $22.6 million in gross proceeds. Cibus intends to use the net proceeds from the offering to fund further development of new and existing seed traits and for working capital and general corporate purposes. Cibus has agreed to sell 9,040,000 shares of its Class A Common Stock, and warrants to purchase up to an aggregate of 9,040,000 shares of Class A Common Stock, for a combined purchase price per share (and accompanying warrant) of $2.50 per share.