Cibus, Inc. has entered into an underwriting agreement with BTIG, LLC for the public offering of 6,976,744 shares of its Class A common stock at a price of $2.15 per share. The offering is expected to close on or about March 27, 2026, subject to customary closing conditions. The company has also granted the underwriter a 30-day option to purchase up to an additional 1,046,511 shares. The net proceeds from the offering are estimated to be approximately $13.5 million, or $16.0 million if the underwriter's option is fully exercised, after deducting offering expenses. This capital raise is part of Cibus's strategy to enhance its liquidity and support its operational execution. The offering is being made under a shelf registration statement declared effective by the SEC on October 27, 2023. The underwriter will receive a 7.0% discount on the gross proceeds from the sale of the shares. Cibus has agreed to indemnify the underwriter against certain liabilities, including those under the Securities Act of 1933. The company’s leadership has committed to not selling or transferring any Class A common stock without the underwriter's consent for 60 days following the agreement. This offering is expected to provide Cibus with the necessary funds to further its strategic initiatives and operational goals.

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