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Cibus to acquire Forum Estates in a binding agreement

PUBLIC · CBUSJan 17, 2025

Acquiring Company

Cibus, Inc.

Acquired Company

Forum Estates

San DiegoNetherlandsBiotechnologyAgriculture and FarmingFarmingFood and BeverageGroceryRetail

Description

Cibus has entered into a binding agreement to acquire Forum Estates, subject to the fulfillment of customary closing conditions. The acquisition involves consideration in the form of newly issued shares in Cibus and is expected to close in the first quarter of 2025, contingent upon lenders' assignment of at least 90 percent of the outstanding subordinated loan receivables in Forum Estates to Cibus.

Quick answer

Cibus, Inc. is acquiring Forum Estates, announced January 17, 2025. Cibus, Inc. is based in San Diego, California, United States.

How much did Cibus, Inc. pay for Forum Estates?
The deal value was not disclosed.
What does Cibus, Inc. do?
Cibus, Inc. is a biotechnology company based in San Diego, California, specializing in the development of innovative solutions for agricultural biotechnology.
Where are Cibus, Inc. and Forum Estates based?
Cibus, Inc. is based in San Diego, California, United States. Forum Estates is based in Netherlands.
Who are the decision-makers at Cibus, Inc?
Fundz holds 4 contacts at Cibus, Inc. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Cibus, Inc.

Location

600 COUNTY ROAD D W.

San Diego, California, United States

About

Cibus, Inc. is a biotechnology company based in San Diego, California, specializing in the development of innovative solutions for agricultural biotechnology. The company focuses on creating products that improve crop yield and resistance through non-GMO technologies, addressing critical challenges in sustainable agriculture. Cibus operates within the agricultural biotechnology industry, targeting markets that demand sustainable farming practices. With a commitment to enhancing crop performance, the company has been actively developing and commercializing proprietary technologies that are poised to transform agricultural production methods. As an emerging growth company, Cibus demonstrates potential for significant expansion in the burgeoning agricultural sector.

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Frequently asked

Who acquired Forum Estates?

Forum Estates was acquired by Cibus, Inc., based in San Diego. The deal was reported on January 17, 2025. Cibus, Inc. is a biotechnology company based in San Diego, California, specializing in the development of innovative solutions for agricultural biotechnology. Cibus, Inc. is publicly traded (CBUS) and operates in Biotechnology.

When did Cibus, Inc. acquire Forum Estates?

Cibus, Inc.'s acquisition of Forum Estates was reported on January 17, 2025. Cibus has entered into a binding agreement to acquire Forum Estates, subject to the fulfillment of customary closing conditions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Forum Estates do?

Forum Estates is a prominent Benelux-based owner and manager of grocery and daily goods properties, with a combined portfolio of ca. 606 properties valued at approximately EUR 2,286 million. It is privately held, operating in Food and Beverage, and is based in Netherlands.

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