Cibus Plunges 36.86% on Stock Offering Announcement

On June 5, 2025, Cibus experienced a significant drop of 36.86% in pre-market trading, reflecting a substantial decline in its stock price.

Cibus, Inc. has announced its intention to offer Class A common stock to the public. This move is aimed at raising funds for the development of plant trait technologies and for general corporate purposes. The company plans to use the proceeds from this offering to further advance its weed management productivity traits in rice and to support working capital and general corporate needs as it seeks longer-term financing.

The company's chairman, Rory Riggs, has expressed interest in purchasing up to $10 million worth of shares in this offering. However, this indication of interest is not a binding agreement, and Riggs may choose not to purchase any shares. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.