IPO - Cibus, Inc.
Form Type: 424B5
Filing Date: 2025-06-04
Corporate Action: Ipo
Type: New
Accession Number: 000119312525134943
Filing Summary: Cibus, Inc. is offering Class A common stock and Pre-Funded Warrants to purchase Class A common stock in a preliminary prospectus supplement dated June 4, 2025. This offering is being conducted under a 'reasonable best efforts' basis facilitated by A.G.P./Alliance Global Partners as the Placement Agent. The Board Chairman may invest approximately $10 million in this offering, although this interest is non-binding. Each Pre-Funded Warrant has an exercise price of $0.0001 per share with no expiration date. The document highlights a significant historical milestone where the California Rice Commission approved Cibus' field research proposal to plant gene-edited rice, and mentions successful regulatory developments for Cibus' traits in the US and Latin America. The company is concentrating on weed management traits to enhance productivity in agriculture, especially focusing on its HT1 and HT3 rice traits while aiming for a commercial launch in Latin America by 2027-2028, followed by expansions in the US and Asia. Cibus anticipates reducing annual cash burn to about $30 million by 2026 through operational focus and cost efficiencies.
Additional details:
Class A Common Stock Offered: shares of Class A Common Stock
Pre Funded Warrants Offered: Pre-Funded Warrants to purchase shares of Class A Common Stock
Insider Participation: Board Chairman interested in purchasing approximately $10.0 million worth of shares
Shares Outstanding After Offering: shares of Class A Common Stock, assuming no exercise of Pre-Funded Warrants sold by us, and 1,712,373 shares of Class B Common Stock
Use Of Proceeds: intended to fund development of weed management traits in Rice and for general corporate purposes
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