Cyber App Corp.
Cyber App Corp.
05/29/2026 | Press release | Distributed by Public on 05/29/2026 14:46
Material Event (Form 8-K)
Item 8.01. Other Events
On May 27, 2026, Cyber App Solutions Corp. (the "Company") entered into an agreement with Kips Bay Select, LP ("Kips Bay") and Cyber One, LTD ("Cyber One" and together with Kips Bay, the "Investors"), to defer the Foreclosure originally scheduled for 11.30 a.m. on June 2, 2026. The revised auction date will be July 7, 2026 if a settlement of the convertible promissory notes dated November 21, 2023 (the "Convertible Notes") has not been concluded by that time.
The Company continues to evaluate its options and intends to further engage with the Investors regarding potential alternatives. No assurance can be given regarding the outcome of these discussions or the foreclosure process.
On May 27, 2026, Cyber App Solutions Corp. (the "Company") entered into an agreement with Kips Bay Select, LP ("Kips Bay") and Cyber One, LTD ("Cyber One" and together with Kips Bay, the "Investors"), to defer the Foreclosure originally scheduled for 11.30 a.m. on June 2, 2026. The revised auction date will be July 7, 2026 if a settlement of the convertible promissory notes dated November 21, 2023 (the "Convertible Notes") has not been concluded by that time.
The Company continues to evaluate its options and intends to further engage with the Investors regarding potential alternatives. No assurance can be given regarding the outcome of these discussions or the foreclosure process.
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