Plurilock Announces Payment of Debenture Interest

• Plurilock issued 576,923 common shares at C$0.13 per share to settle $75,000 in accrued interest on its 10% unsecured convertible debentures.
• The transaction satisfies quarterly interest obligations under the $3 million indenture dated October 30, 2025, with Odyssey Trust Company.
• No cash was exchanged, preserving immediate working capital while increasing the outstanding share count by approximately 0.58%.
• This follows an identical administrative conversion on December 31, 2025, where $63,750 in interest was converted into 312,188 shares at $0.2042.

• The news is administrative and fully expected under the debenture terms, carrying no new strategic or operational information.
• Dilution is minor in isolation but compounds with ongoing equity-based compensation and potential future financings.
• The decision to pay interest in shares rather than cash signals tight liquidity and a deliberate cash-preservation strategy, which is a negative indicator for a company targeting 2026 profitability.
• Conversion at $0.13 is marginally above the current trading price of $0.11, but the lack of cash outflow confirms the company is prioritizing balance sheet survival over shareholder equity preservation.
• Overall impact is routine and slightly negative due to incremental dilution and confirmation of constrained cash flow.

• Plurilock is a cybersecurity provider specializing in AI-native identity and access management, insider risk software, and managed security operations.
• The flagship focus is the Critical Services division (PLCS), which delivers 24/7 Security Operations Center (SOC) services, threat detection, and incident response for government, defense, and enterprise clients.
• The company leverages a partner-led delivery model and has recently expanded its federal capture team to target U.S., Canadian, and NATO-aligned defense contracts.