Cybercatch Holdings closes Atriarch acquisition

Executive Summary

• Cybercatch Holdings Inc. has completed the acquisition of Atriarch Inc. to obtain multiauthority attributes-based encryption with revocation technology intellectual property.
• The transaction was structured as a share exchange where Cybercatch issued 1.25 million common shares valued at $2.00 per share to acquire all outstanding shares of Atriarch.
• The deal is subject to final approval from the TSX Venture Exchange, and the acquired shares are subject to contractual sale restrictions.

Key Details

• Transaction Type: Acquisition of Atriarch Inc. by Cybercatch Holdings Inc.
• Consideration: 1.25 million common shares of Cybercatch Holdings Inc.
• Share Price: $2.00 per Cybercatch share.
• Total Value: $2.5 million (1.25 million shares * $2.00/share).
• Asset Acquired: Multiauthority attributes-based encryption with revocation technology intellectual property.
• Regulatory Status: Subject to final approval from the TSX Venture Exchange.
• Restrictions: Cybercatch shares are subject to certain contractual sale restrictions.
• Strategic Context: Cybercatch anticipates announcing partnerships for licensing the technology to mitigate risks from AI and quantum-driven cyberattacks.

Notable Quotes

• None provided in the text.