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Cybeats Technologies Corp. ( (TSE:CYBT) ) has issued an announcement.
Cybeats Technologies Corp. and major shareholder Scryb Inc. have agreed to settle a $1.2 million secured debenture through the issuance of 10 million Cybeats common shares at a deemed price of $0.12 per share, a move aimed at strengthening Cybeats’ balance sheet to support its planned growth. The share-for-debt transaction, which does not create a new control person and remains subject to Canadian Securities Exchange approval, is structured as a related-party deal under MI 61-101 but qualifies for exemptions from formal valuation and minority shareholder approval requirements because it represents less than 25% of each company’s market capitalization, limiting governance friction while addressing Cybeats’ leverage and capital structure.
The most recent analyst rating on (TSE:CYBT) stock is a Hold with a C$0.13 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.
Cybeats Technologies Corp. faces significant financial challenges, with negative equity and profitability issues being the most critical factors. However, recent corporate events, including strategic appointments and contract extensions, provide some positive momentum. Technical indicators suggest a neutral market sentiment, while valuation metrics highlight caution due to ongoing losses.
To see Spark’s full report on TSE:CYBT stock, click here.
More about Cybeats Technologies Corp.
Cybeats Technologies Corp. is a cybersecurity company focused on Software Bill of Materials (SBOM) management and software supply chain intelligence, helping organizations manage risk, meet compliance requirements and secure software across its lifecycle. Its platform offers visibility into the software supply chain to improve operational efficiency, boost revenue and align clients with evolving regulatory demands. Scryb Inc. is an investment company that backs and supports a portfolio of high-upside technology ventures.
Average Trading Volume: 445,989
Technical Sentiment Signal: Sell
See more insights into CYBT stock on TipRanks’ Stock Analysis page.