Cibus, Inc. announced its intention to offer shares of its Class A common stock in a public offering. All securities to be sold in the offering will be offered by Cibus.
Rory Riggs, Chairman of Cibus's board of directors, indicated an interest in purchasing up to $10.0 million of shares in this offering. However, this is not a binding commitment.
The company intends to use the net proceeds from the offering to fund further development of its weed management productivity traits in Rice and for working capital and general corporate purposes, as it pursues longer-term financing. The offering is subject to market and other conditions.
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