Cybercatch Holdings appoints Shim as CFO

Executive Summary

• Cybercatch Holdings Inc. closed a non-brokered private placement raising $1 million in gross proceeds, with funds designated for working capital and sales growth.
• The company announced a change in Chief Financial Officer, with Dong Shim replacing Jennifer Thomas effective September 15, 2025, concurrent with a change in external auditors.
• The company provided operational updates regarding the expansion of its sales pipeline through strategic resellers and the development of a new agentic AI cyber risk mitigation solution.

Key Details

• Financing Structure: Closed a non-brokered private placement for gross proceeds of $1,000,000.
• Units Issued: 200,000 units issued at a price of $5.00 per unit.
• Warrant Terms: Each unit includes one-half (0.5) of a warrant. Each warrant is exercisable to acquire one common share at an exercise price of $6.50.
• Warrant Expiration: 24 months from the date of issuance.
• Acceleration Clause: Warrants accelerate if the common share price is $7.50 or higher for 10 consecutive trading days.
• Use of Proceeds: Primarily to grow sales and for working capital.
• Investor Participation: Involved several current and new strategic investors.
• Regulatory Status: Shares subject to statutory four-month-and-one-day hold period; transaction subject to final TSX Venture Exchange approval.
• Management Change: Dong Shim, CPA and CA, appointed as new CFO effective September 15, 2025. He is the managing partner of Shim & Associates and previously served as the partner in charge of the company's annual audit.
• Resignation: Current CFO Jennifer Thomas, CPA, resigned for personal reasons effective September 15, 2025.
• Auditor Change: Charlton & Co., CPA and CA, engaged as the new external auditor for the annual audit, replacing Shim & Associates, effective September 15, 2025.
• Sales Pipeline: Continuing to grow sales pipeline with larger deals via two strategic resellers with existing contracts with U.S. government agencies (partnerships announced July 2025).
• Product Development: Nearing development of a new agentic AI automated and continuous cyber risk mitigation solution, evolving from the current generative AI solution to provide upsell/cross-sell opportunities and serve as a sales accelerator.

Notable Quotes

• "We thank Jennifer Thomas for her expertise and her contributions as our CFO and welcome Dong Shim as our new CFO and look forward to tapping into his extensive public markets expertise as we grow the company. We are also delighted to announce the closing of the private placement and thank our investors for their support. We are pleased to provide this corporate update on our progress on multiple fronts as we execute our strategic plan and accelerate the growth of the business and continue to increase shareholder value," said Sai Huda, chief executive officer.