Agricultural tech co Cibus slides on stock offering unveil

Cibus

28/01/2026 21:46

** Agricultural technology firm Cibus CBUS.O shares down 13.1% post-market to $1.53 as it plans equity raise

** San Diego, California-based gene-editing firm announces stock offering without disclosing deal size

** Board members Jean-Pierre Lehmann and co-founder Rory Riggs have indicated to buy up to $1.5 mln of offering, per the prospectus

** It plans to use net offering proceeds for working capital and general purposes, including to fund development of its weed management traits in rice and to pay accrued professional expenses

** BTIG sole underwriter

** Co has ~54.3 mln shares outstanding for nearly $100 mln market cap

** CBUS shares fell 2.2% to $1.76 on Weds. Stock down ~28% over the past 12 months

** 3 of 4 analysts rate the stock "buy", 1 has "hold"; median PT $15.50

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))