Core Points - Plurilock Security Inc. has completed the sale of certain CloudCodes assets to Scope Technologies Corp. for a total consideration of approximately $1,780,000, which includes cash and common shares [2][3] - The transaction is part of Plurilock's strategic plan to focus on Critical Services, which are essential for the company's growth and align with its target market of large enterprises, defense, and public sector clients [3][4] Transaction Details - Scope Technologies has acquired Plurilock Security Private Limited along with specific assets related to the CloudCodes business [2] - Plurilock received $1,780,000 in total consideration, which includes cash and common shares of Scope, and issued 200,000 common shares to Canaccord Genuity Corp. as an advisory fee valued at $40,000 [2] Company Overview - Plurilock is an AI-native cybersecurity company that provides services to high-stakes environments, focusing on operational resilience through proprietary IP and AI-driven solutions [4]

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]