Scryb acquires 10 million debt shares of Cybeats

Executive Summary

• Scryb Inc. filed an early warning report regarding changes in its holdings in Cybeats Technologies Corp., resulting from a debt settlement and subsequent market dispositions.
• Scryb acquired 10 million common shares of Cybeats in settlement of $1.2 million in debt owed under a secured debenture, effectively returning its shareholding position to pre-disposition levels.
• The transaction involved the disposal of 10 million shares via the Canadian Securities Exchange (CSE) prior to the debt settlement, with the net effect being a return to ownership of 74,838,950 common shares and 13,125,000 warrants.

Key Details

• Debt Settlement Acquisition: On Jan. 9, 2026, Scryb acquired 10 million common shares of Cybeats in settlement of $1.2 million in debt.
• Deemed Price: The shares were acquired at a deemed price of 12 cents per common share.
• Hold Period: The acquired shares are subject to a statutory four-month-and-one-day hold period under applicable securities laws.
• Pre-Settlement Dispositions: Prior to the debt settlement, Scryb disposed of 10 million common shares through three CSE transactions:
  • Dec. 29, 2025: 120,000 shares at 12.5 cents/share.
  • Dec. 30, 2025: 34,000 shares at 12.5 cents/share.
  • Dec. 30, 2025: 9,846,000 shares at 12 cents/share.
• Total Disposition Value: The aggregate sale price for the disposed shares was $1,200,770.
• Ownership Position (Post-Transaction): Following the debt settlement, Scryb owns or controls 74,838,950 common shares and 13,125,000 warrants.
• Percentage Ownership: This represents approximately 34.83% of issued and outstanding common shares on an undiluted basis and 38.58% on a partially diluted basis (based on 214,880,745 total shares outstanding).
• Total Shares Outstanding: As of the release date, Cybeats has 214,880,745 common shares issued and outstanding.
• Regulatory Filing: An early warning report was filed under National Instrument 62-103 and Multilateral Instrument 62-104 via SEDAR+.
• Intent: The transactions were completed for investment purposes; Scryb may increase or decrease ownership in the future.

Notable Quotes

• "Scryb outlines below that it accepted common shares in lieu of cash repayment from Cybeats Technologies due to Scryb's strong belief in the company's fundamentals and opportunity, and the continued support of its exciting growth trajectory."