Plurilock Security Inc. Announces Sale of CloudCodes Assets to Scope Technologies Corp.

Core Points - Plurilock Security Inc. has entered into an asset purchase agreement with Scope Technologies Corp. to sell certain assets of its CloudCodes business for total considerations of $1,780,000, which includes $100,000 in cash and 4,200,000 common shares of Scope [2][8] - The transaction is expected to close around September 15, 2025, and is subject to customary closing conditions and regulatory approvals [2][3] - The divestiture aligns with Plurilock's strategic shift from serving the SME market to focusing on large enterprises, government, and Fortune 500 clients, allowing the company to streamline operations and concentrate on its Critical Services division [3][8] Company Overview - Plurilock is an AI-native cybersecurity company that provides solutions for complex cyber problems in high-stakes environments, serving clients including Five-Eyes governments and Global 2000 enterprises [4]