Brief: Calyxt Reports First Quarter 2023 Financial Results And Provides Corporate Update

Cibus

01/05/2023 22:42

Calyxt Inc  CLXT.O :
    * CALYXT REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS AND
PROVIDES
CORPORATE UPDATE
    * CALYXT INC - PROPOSED MERGER WITH CIBUS GLOBAL EXPECTED TO
CLOSE
IN Q2 2023
    * CALYXT INC - CASH AND CASH EQUIVALENTS TOTALED $2.1
MILLION AS
OF MARCH 31, 2023
    * CALYXT INC - REVENUES WERE NOMINAL IN Q1 OF 2023, AND 2022
    * CALYXT - CASH RUNWAY, CONSIDERING INTERIM FUNDING OF $1.0
MILLION RECEIVED THROUGH MARCH 31, 2023, AND ADDITIONAL FUNDING
TO BE PROVIDED BY CIBUS
    * CALYXT INC - CASH RUNWAY SUFFICIENT TO FUND OPERATIONS
THROUGH
Q2 OF 2023

Source text for Eikon:  ID:nPn1zkkWfa 
Further company coverage:  CLXT.O