Vancouver, British Columbia--(Newsfile Corp. - October 31, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity systems integrator, is pleased to announce that, further to its news release of October 17, 2025, the Company has closed its non-brokered private placement (the "Offering") of $3,000,000 through the issuance of 3,000 debenture units (the "Units") at $1,000 per Unit with a strategic investor.Each Debenture Unit comprised of (i) $1,000 p ...

Vancouver, British Columbia--(Newsfile Corp. - October 27, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity systems integrator, announces that members of its executive team, Board of Directors, and other insiders, along with certain employees, have recently purchased a total of approximately 531,000 common shares of the Company on the open market. Of this total, insiders acquired roughly 344,000 shares, while employees purchased approximatel ...

Core Viewpoint - Plurilock Security Inc. announces a successful $3 million strategic investment through a non-brokered private placement to accelerate growth initiatives, pending approval from the TSX Venture Exchange [1][4]. Group 1: Investment Details - The investment will be made through the issuance of 10% unsecured convertible debenture units, consisting of 3,000 convertible debentures at $1,000 each, convertible at $0.23 for three years, and 4,000 common share purchase warrants exercisable at $0.25 for three years [2]. - The total number of common shares issuable upon conversion of the debentures is 13,043,478, with an additional 12,000,000 common shares available through the exercise of the warrants [2]. Group 2: Financial Terms - The debentures will bear an interest rate of 10% per annum, payable in common shares at the company's election based on the 10-day VWAP at the time of payment, subject to TSXV policies [3]. - Proceeds from the offering will be utilized to accelerate growth initiatives, expand the Critical Services business, and strengthen working capital [3]. Group 3: Strategic Importance - The strategic investment is viewed as growth capital from a long-term partner who understands the market and mission, enabling the company to focus on key growth priorities such as expanding Critical Services offerings and scaling internationally [4]. - The company emphasizes its commitment to driving towards profitability with this investment [4]. Group 4: Company Overview - Plurilock is an AI-native cybersecurity company that addresses complex cyber challenges in high-stakes environments, trusted by Five-Eyes governments, NATO-aligned agencies, and Global 2000 enterprises [5]. - The Critical Services division of the company provides operational resilience through expertise, proprietary IP, and AI-driven playbooks [5].

Core Insights - Plurilock Security Inc. is focusing on defense momentum and growth in its Critical Services division, aiming to enhance its position in the cybersecurity market [1] Group 1: Corporate Strategy and Developments - Plurilock has established a dedicated capture team to pursue government cybersecurity opportunities in the U.S., Canada, NATO, and allied nations, led by CTO Michael Ruiz [2] - The company added three new Critical Services customers in September and expanded work with two existing clients, marking a strong month for new business pipeline development [4] - Plurilock secured repeat orders from U.S. and Canadian federal agencies, reinforcing its government relationships and supporting organic growth [5] Group 2: Market Context and Opportunities - The U.S. public sector cybersecurity market is resilient, with the FY2026 discretionary budget exceeding US$75 billion, driving modernization initiatives across federal agencies [3] - New mandates from NIST and DHS are accelerating infrastructure transformation, while emerging threats are elevating cybersecurity as a national security priority [3] Group 3: Leadership and Incentives - Plurilock appointed Dr. Chase Cunningham to its Industry Advisory Council, bringing over two decades of experience in cybersecurity [6] - The company granted 600,000 options to employees and consultants, along with 850,000 restricted share units, to reward contributions and encourage future success [7][9] Group 4: Company Overview - Plurilock is an AI-native cybersecurity company that provides services to protect critical infrastructure and systems, trusted by Five-Eyes governments and Global 2000 enterprises [10]

Core Insights - Plurilock Security Inc. has announced a corporate streamlining initiative expected to deliver approximately $2.7 million in annual cost reductions [1][4] - The company has recently divested its CloudCodes business to sharpen its focus on scaling its higher-margin Critical Services business, reflecting a strategic effort to reduce operating expenses and strengthen the balance sheet [2][4] Financial Impact - The expected annualized savings of $2.7 million will take effect starting September 1, 2025, which will help strengthen the company's balance sheet and reduce cash burn [4] - The corporate streamlining is part of a broader strategy to enhance financial position while continuing to invest in key growth areas such as Critical Services and international expansion [4] Operational Strategy - Plurilock is evolving its operating model to support growth efficiently while improving margins, leveraging global talent in offshore delivery centers and introducing an "AI-first" approach in select departments [3] - The measures taken are designed to enhance productivity and ensure that the company's solutions align with the needs of enterprise, defense, and public sector clients [3][4] Company Overview - Plurilock is characterized as a services-led, product-enabled, AI-native cybersecurity company that addresses complex cyber challenges in high-stakes environments [5] - The company is trusted by Five-Eyes governments, NATO-aligned agencies, and Global 2000 enterprises, focusing on defending critical infrastructure and providing operational resilience through its Critical Services division [5]

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 Viewpoint - Plurilock Security Inc. reported significant growth in its Critical Services business, despite a one-time lower-margin order affecting overall margins. The company is well-positioned to capture a meaningful share of the increasing government investment in cybersecurity and defense [2][8]. Financial Highlights - Total revenue for Q2 2025 was CAD 16,404,963, up from CAD 14,305,546 in Q2 2024, representing a year-over-year increase of approximately 14.7% [6][12]. - For the six months ended June 30, 2025, total revenue was CAD 35,445,577, compared to CAD 27,140,854 for the same period in 2024, marking a year-over-year increase of about 30.5% [6][12]. - Critical Services revenue increased by 159% year-over-year [5]. - Adjusted EBITDA loss improved by 42% year-over-year, with losses of CAD (1,400,359) in Q2 2025 compared to CAD (2,422,291) in Q2 2024 [5][12]. Operational Highlights - Professional services revenue for Q2 2025 was CAD 4,268,417, significantly up from CAD 1,646,165 in Q2 2024, indicating a strong growth trajectory in this segment [6][12]. - The company is focusing on higher-margin offerings and maintaining a strong liquidity profile, with cash and cash equivalents of CAD 1,739,643 as of June 30, 2025 [10][12]. - Plurilock is expanding into NATO and Middle Eastern defense markets, leveraging its experience with Canadian and U.S. federal clients [9][10]. Strategic Outlook - The company anticipates benefiting from seasonal budget flows and ongoing strategic initiatives in the second half of 2025 [8]. - Plurilock is building a healthy pipeline across enterprise, defense, and public sector markets, aiming for multi-year, recurring contracts [8][9]. - The company is more selective in pursuing federal sales opportunities, reallocating resources to higher-margin Critical Services and commercial opportunities [10].

Core Points - Plurilock Security Inc. plans to release its Q2 2025 financial results on August 19, 2025, after market close [1] - A live webinar will be hosted by CEO Ian L. Paterson and CFO Scott Meyers on August 20, 2025, at 11am ET to discuss the results and provide updates [2][3] - Plurilock is a cybersecurity services provider that focuses on high-stakes environments, serving clients including Five-Eyes governments and NATO-aligned agencies [4] Financial Results Webinar Details - The webinar is scheduled for August 20, 2025, at 11am ET / 8am PT [3] - A recording and supporting materials will be available on the investor relations page of the company's website [3] Company Overview - Plurilock is an AI-native cybersecurity company that addresses complex cyber challenges [4] - The company emphasizes operational resilience through proprietary IP and AI-driven playbooks [4]