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The latest announcement is out from Cybeats Technologies Corp. ( (TSE:CYBT) ).
Cybeats Technologies Corp. and its major shareholder Scryb Inc. have closed a previously announced shares-for-debt transaction, converting a $1.2 million secured debenture owed by Cybeats to Scryb into 10 million Cybeats common shares at a deemed price of $0.12 per share. The deal, structured as a related-party transaction under Canadian securities rules but exempt from formal valuation and minority approval requirements because it represents less than 25% of each company’s market capitalization, is intended to strengthen Cybeats’ balance sheet and support its operational and growth initiatives without creating a new control person, signaling a move to improve financial flexibility while maintaining existing ownership dynamics.
The most recent analyst rating on (TSE:CYBT) stock is a Hold with a C$0.12 price target. To see the full list of analyst forecasts on Cybeats Technologies Corp. stock, see the TSE:CYBT Stock Forecast page.
Spark’s Take on TSE:CYBT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CYBT is a Neutral.
The score is primarily held down by weak financial fundamentals—large losses, ongoing cash burn, and negative equity—despite improving revenue and strong gross margin. Technicals add modest pressure due to a generally below-trend setup and negative MACD, while valuation is neutral because losses make the negative P/E less informative and no dividend yield is available.
To see Spark’s full report on TSE:CYBT stock, click here.
More about Cybeats Technologies Corp.
Cybeats Technologies Corp. is a cybersecurity company that provides Software Bill of Materials (SBOM) management and software supply chain intelligence solutions, helping organizations manage risk, meet compliance requirements, and secure software throughout its lifecycle from procurement to development and operation. Its platform aims to give customers greater visibility and transparency into their software supply chains to improve operational efficiency, increase revenue, and align with evolving regulatory frameworks. Scryb Inc. is an investment company that builds and supports a portfolio of innovative, high-growth technology ventures.
Average Trading Volume: 463,170
Technical Sentiment Signal: Sell
Find detailed analytics on CYBT stock on TipRanks’ Stock Analysis page.