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Financings

Cybeats and Scryb Announce Debt Settlement Agreement

By The Northwire Desk — AI Analysis Dec 31, 2025 · 08:17 SCYB · 0.105 Scryb Inc.
SCYB · Price

Executive Summary

  • Cybeats Technologies Corp. will settle a $1,200,000 secured debenture owed to Scryb Inc. by issuing 10,000,000 common shares at a deemed price of $0.12 per share.
  • The transaction is structured as a related‑party debt settlement and is expected to improve Cyedges’ financial position to support future growth.
  • Shares issued will be subject to a four‑month‑plus‑one‑day hold period; no new control person will be created, and the deal falls within MI 61‑101 exemption thresholds.

Key Details

  • Debt Settlement Amount: $1,200,000 secured debenture owed by Cybeats to Scryb.
  • Share Issuance: 10,000,000 common shares of Cybeats at a deemed price of $0.12 per share.
  • Hold Restriction: Shares subject to a four‑month and one‑day lock‑up period.
  • Control Impact: No new control person will be created as a result of the settlement.
  • Regulatory Treatment: Treated as a “related party transaction” under MI 61‑101; both companies rely on exemptions from valuation and minority shareholder approval because the transaction does not exceed 25% of either company’s market capitalization.
  • Filing Requirement: Settlement is subject to acceptance for filing by the Canadian Securities Exchange.
  • Use of Proceeds / Intent: Intended to improve Cybeats’ financial position and support planned future growth.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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