Sign up
Log in
BUZZ-Cibus slides on stock offering plans
Share
Listen to the news
BUZZ-Cibus slides on stock offering plans

** Agricultural biotechnology co Cibus CBUS.O slides 17.2% to $4.19 premarket

** Says it intends to offer Class A shares

** Adds CEO Rory Riggs and other investors showed interest in buying the offered shares, without disclosing the size of the proposed public offering

** Proceeds will be used to improve existing seed traits and develop new ones - CBUS

** Co has 26.2 mln outstanding shares, giving it ~132.6 mln market cap - LSEG

** As of last close, stock down ~74% YTD


(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.