Jun. 4 at 8:23 PM
$CBUS Cibus announces Class A common stock offering, no amount given
Cibus announced that it intends to offer shares of its Class A common stock in a public offering. All of the securities to be sold in the offering are to be offered by Cibus. The chairman of Cibus' board, Rory Riggs, has indicated an interest in purchasing up to
$10M of shares of Class A common stock in this offering. Because such an indication of interest is not a binding agreement or commitment to purchase, Riggs may elect not to purchase any shares in this offering.
The company currently intends to use the net proceeds from the offering to fund further development of the company's weed management productivity traits in Rice and for working capital and general corporate purposes, as it pursues longer-term financing. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.
