Software Bill of Material (SBOM) management and software supply chain intelligence technology
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Cybeats and Scryb Announce Closing of Shares for Debt Transaction
TMX Newsfile· 2026-01-09 12:00
Core Viewpoint - Cybeats Technologies Corp. and Scryb Inc. have successfully completed a debt settlement transaction, enhancing Cybeats' financial position and supporting its operational and growth initiatives [4]. Debt Settlement Details - Cybeats settled $1,200,000 owed under a secured debenture held by Scryb by issuing 10,000,000 common shares at a deemed price of $0.12 per share [2]. - The common shares issued are subject to a statutory hold period of four months and one day [2]. - The completion of the debt settlement did not create any new control person of Cybeats [2]. Related Party Transaction - As Scryb is a control person of Cybeats, the debt settlement is classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - The companies relied on exemptions from formal valuation and minority shareholder approval requirements, as the fair market value of the debt settlement did not exceed 25% of their respective market capitalizations [3]. Company Profiles - Cybeats Technologies Corp. specializes in cybersecurity, providing Software Bill of Material management and software supply chain intelligence technology [6]. - Scryb Inc. invests in and supports a portfolio of innovative ventures across the technology sector [7].
Cybeats and Scryb Announce Debt Settlement Agreement
TMX Newsfile· 2025-12-31 12:00
Core Viewpoint - Cybeats Technologies Corp. and Scryb Inc. have entered into a debt settlement agreement to settle a secured debenture of $1,200,000 through the issuance of 10,000,000 common shares at a deemed price of $0.12 per share, aimed at improving Cybeats' financial position for future growth [1][2]. Group 1: Debt Settlement Details - The debt settlement agreement is dated December 30, 2025, and involves the issuance of 10,000,000 common shares of Cybeats at a price of $0.12 per share [1]. - The debt settlement is subject to acceptance for filing by the Canadian Securities Exchange, and the issued shares will be subject to a four-month and one-day hold [2]. - The transaction is classified as a "related party transaction" since Scryb is a control person of Cybeats, and the companies will rely on exemptions from certain requirements under Multilateral Instrument 61-101 [3]. Group 2: Company Backgrounds - Cybeats Technologies Corp. specializes in cybersecurity, providing Software Bill of Material (SBOM) management and software supply chain intelligence technology to help organizations manage risk and comply with regulations [5]. - Scryb Inc. invests in and supports a portfolio of innovative ventures in the technology sector [6].
Cybeats Completes Debt Settlement and Debenture Conversion
Newsfile· 2025-08-05 23:39
Core Viewpoint - Cybeats Technologies Corp. has successfully settled $1,500,000 of debt and converted $1,405,000 in outstanding convertible debentures, aiming to strengthen its balance sheet and support its commercial growth phase [1][4]. Debt Settlement - The company settled $1,500,000 of indebtedness by issuing 15,000,000 common shares at a price of $0.10 per share, with a four-month hold period for the shares [2]. - The debt settlement involved a "related party transaction," where certain officers and insiders acquired 13,322,500 shares, relying on exemptions from formal valuation and minority approval requirements [3]. Debenture Conversion - An aggregate principal amount of $1,405,000 in convertible debentures has been converted into 14,050,000 shares at a conversion price of $0.10 per share, in line with the terms of the debentures issued on January 25, 2024 [4]. Amended Offering Document - The company has filed an amended and restated offering document to reflect the debt settlement and debenture conversions, which can be accessed on the company's profile and website [5].
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].