CytoDyn Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Convertible Instruments (Tables)

Convertible Instruments (Tables)

3 Months Ended

Aug. 31, 2017

Activity related to the Notes was as follows:


	August 31, 2017			May 31, 2017
Face amount of Notes	$	6,038,500		$	1,150,000

Unamortized discount		(1,222,000	)		(92,000	)
Unamortized issuance costs		(322,000	)		—

Total carrying value of Notes	$	4,494,500		$	1,058,000

Investor Warrants

Weighted Average Assumptions to Value Investor Warrants

The Company determined the fair value of the warrants at issuance using the Black-Scholes option pricing model utilizing certain weighted average assumptions, such as expected stock price volatility, expected term of the warrants, risk-free interest rates and expected dividend yield at the grant date.


		2017
Expected dividend yield		0%
Stock price volatility		69.5 - 69.80%
Expected term		5 year
Risk-free interest rate		1.75 - 1.83%
Grant-date fair value		$0.28 - $0.39

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details