Cibus combines with Calyxt
Clients Cibus Global, LLC
Jones Day is advising Cibus Global, LLC (“Cibus”), a San Diego based leader in precision gene editing in agriculture, in connection with a proposed all-stock merger with Calyxt, Inc. (NASDAQ: CLXT), under which Cibus and Calyxt will create an industry-leading company that combines two pioneers in agriculture-based gene editing and establishes one of the world’s most sophisticated facilities for trait development and plant breeding. Under the terms of the merger agreement, Calyxt will issue shares of its common stock to Cibus shareholders in an exchange ratio such that upon completion of the merger, Cibus shareholders will own approximately 95% of the combined company and the Cibus leadership team will lead the new organization. Upon closing, the combined company will be renamed Cibus, Inc. and will trade on the Nasdaq Capital Market.