Cibus wraps private placement of $118.5 million series F preferreds

Chicago, June 1 – Cibus Global, LLC announced in a press release that it closed on a final tranche of series F preferred units that were privately placed, bringing total proceeds from the placement to $118.5 million.

The financing included participation by funds advised by Fidelity Management & Research Co., as well as by Rory Riggs, chief executive officer of Cibus, and New Ventures Agtech Solutions, a fund affiliated with Riggs.

The series F preferred units sold by Cibus Global in the private placement were not registered.

The company simultaneously announced closing a stock merger with Calyxt, Inc.

Cibus is an agricultural technology company based in San Diego that develops and licenses plant traits to seed companies for royalties.

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