Cibus Shares Drop After $20 Million Offering Is Priced
Cibus Inc. priced an underwritten offering of 13,333,333 shares of Class A common stock at $1.50 per share, slated to raise about $20 million before underwriting fees. The news pushed the stock down 4.6% in premarket trading as investors reacted to the potential dilution. The offering includes participation from the board and a 30-day overallotment…