Cibus prices public offering at $2.15 per share

Cibus Inc. (NASDAQ: CBUS) announced the pricing of an underwritten public offering of 6,976,744 shares of Class A common stock at $2.15 per share. The agricultural technology company granted underwriter BTIG LLC a 30-day option to purchase up to an additional 1,046,511 shares to cover over-allotments.

The offering will generate gross proceeds of approximately $15 million, or $17.2 million if the underwriter exercises its full over-allotment option, before deducting underwriting discounts and commissions. The offering is expected to close on March 27, 2026, subject to customary closing conditions.

Cibus stated it intends to use net proceeds for working capital and general corporate purposes, including funding development of weed management traits in rice. All shares in the offering will be sold by the company.

The offering is conducted under an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on June 30, 2023, as amended on October 25, 2023, and declared effective on October 27, 2023.

Cibus develops and licenses plant traits to seed companies using gene editing technologies. The company focuses on productivity traits for major global row crops and licenses these traits to customers in exchange for royalties.

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