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Cybeats Technologies Corp. Announces Grant of Stock Options
TMX Newsfile· 2026-01-19 12:00
Core Points - Cybeats Technologies Corp. has granted 12,950,000 stock options to employees, directors, officers, and consultants, each exercisable at $0.16 for a period of five years [1] - The company has renewed its engagement with Sophic Capital Inc. as its investor relations partner, with a monthly fee of $8,000 for 12 months and options to purchase 1,250,000 common shares at $0.16 per share [2][3] - Mr. Medhanie Tekeste has resigned from the Board of Directors effective January 12, 2026 [5] Stock Options and Related Transactions - The stock options granted to directors and officers are considered a "related party transaction" under Multilateral Instrument 61-101, with exemptions from formal valuation and minority shareholder approval due to the transaction's value not exceeding 25% of the company's market capitalization [4] Company Overview - Cybeats SBOM Studio is a management solution for software security lifecycle, helping customers track third-party components and maintain software security [6] - Key features of SBOM Studio include AI-driven data correction, real-time vulnerability monitoring, regulatory compliance, and enhanced security for critical infrastructure across various sectors [7]