Convertible debentures conversion price amendment
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Cybeats Amends Conversion Price of Convertible Debentures
Newsfile· 2025-08-01 23:08
Core Viewpoint - Cybeats Technologies Corp. has amended the conversion price of its convertible debentures to facilitate commercial expansion and reduce the principal amount due [1][2]. Group 1: Convertible Debentures - The principal amount of the convertible debentures is $1.825 million, issued on January 25, 2024, and due on January 25, 2026 [1]. - The conversion price has been reduced from $0.30 to $0.10 per common share [2]. - Holders have a 30-day window to convert the debentures if the company's shares close above $0.125 for ten consecutive trading days; otherwise, the price reverts to $0.30 [2]. Group 2: Company Overview - Cybeats Technologies Corp. specializes in software supply chain security, providing Software Bill of Material (SBOM) management and software supply chain intelligence [3]. - The company's platform enhances visibility and transparency in software supply chains, aiding organizations in risk management and compliance [3]. - Cybeats aims to improve operational efficiency and revenue while aligning with current and future regulations [3].