Cibus prices follow-on offering of 6,976,744 Class A shares; gross proceeds rise to about $15 million
Reuters
Mar 26
Cibus prices follow-on offering of 6,976,744 Class A shares; gross proceeds rise to about $15 million
Cibus priced an underwritten public offering of 6,976,744 shares of Class A common stock at USD 2.15 per share.
The underwriter has a 30-day option to buy up to 1,046,511 additional shares to cover over-allotments.
Gross proceeds are expected to be about USD 15.0 million, or about USD 17.2 million if the option is exercised in full.
Net proceeds are intended for working capital and general corporate purposes, including development of weed management traits in rice.
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