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Scryb Inc. (OTC:SCYRF) has adjusted its stake in Cybeats Technologies Corp. (CSE: CYBT) following a recent debt-for-equity swap. According to filings, on August 5, 2025, Scryb acquired 9,788,450 common shares of Cybeats to settle $978,845 in debt. This transaction was part of a larger $1.5 million debt settlement where Cybeats issued a total of 15,000,000 shares.
Prior to the settlement, Scryb held 64,643,500 shares and 13,125,000 warrants, representing 49.17% ownership (53.78% partially diluted). Post-settlement and accounting for other corporate actions including debenture conversions and a brokered offering, Scryb’s holdings now stand at 74,431,950 shares and the same 13,125,000 warrants. This translates to approximately 38.59% ownership (42.50% partially diluted) of Cybeats, which now has 192,880,745 shares outstanding.
Scryb Inc. (OTC:SCYRF) ha aggiornato la propria partecipazione in Cybeats Technologies Corp. a seguito di un’importante operazione di estinzione del debito. Il 5 agosto 2025 Scryb ha acquisito 9 788 450 azioni ordinarie di Cybeats in compensazione di 978 845 dollari di debito, parte di un più ampio accordo da 1,5 milioni di dollari che prevedeva 15 000 000 di azioni.
Prima dell’operazione Scryb deteneva 64 643 500 azioni e 13 125 000 warrant, corrispondenti al 49,17% della proprietà (53,78% su base parzialmente diluita). Dopo l’estinzione del debito e tenendo conto di altre azioni societarie, Scryb possiede ora 74 431 950 azioni e 13 125 000 warrant, pari al 38,59% della società (42,50% parzialmente diluito) su un totale di 192 880 745 azioni in circolazione di Cybeats.
Scryb Inc. (OTC:SCYRF) ha actualizado su participación en Cybeats Technologies Corp. tras una importante cancelación de deuda. El 5 de agosto de 2025 Scryb adquirió 9 788 450 acciones ordinarias de Cybeats para saldar 978 845 dólares de deuda, como parte de una cancelación mayor de 1,5 millones de dólares que implicó 15 000 000 de acciones.
Antes de la operación, Scryb poseía 64 643 500 acciones y 13 125 000 warrants, lo que representaba el 49,17% de la propiedad (53,78% diluido parcialmente). Tras la cancelación de la deuda y otras acciones corporativas, Scryb posee ahora 74 431 950 acciones y 13 125 000 warrants, equivalentes al 38,59% (42,50% diluido parcialmente) de las 192 880 745 acciones en circulación de Cybeats.
Scryb Inc. (OTC:SCYRF)는 중요한 채무 정산 거래 이후 Cybeats Technologies Corp.에 대한 보유 지분을 갱신했습니다. 2025년 8월 5일 Scryb는 978,845달러의 채무를 상환하는 대가로 9,788,450주의 보통주를 취득했으며, 이는 총 15,000,000주를 포함하는 1,500,000달러 규모의 채무 정산의 일부였습니다.
거래 이전 Scryb는 64,643,500주와 13,125,000 워런트를 보유해 49.17%의 지분(부분 희석 기준 53.78%)을 차지하고 있었습니다. 채무 정산 및 기타 회사 조치를 반영한 결과 Scryb는 현재 74,431,950주와 13,125,000 워런트를 보유해 Cybeats의 발행주식 총 192,880,745주 중 38.59%(부분 희석 기준 42.50%)의 지분을 보유하게 되었습니다.
Scryb Inc. (OTC:SCYRF) a mis à jour ses participations dans Cybeats Technologies Corp. à la suite d’une importante opération de règlement de dette. Le 5 août 2025, Scryb a acquis 9 788 450 actions ordinaires de Cybeats en règlement de 978 845 dollars de dette, dans le cadre d’un règlement global de 1,5 million de dollars portant sur 15 000 000 d’actions.
Avant l’opération, Scryb détenait 64 643 500 actions et 13 125 000 bons de souscription (warrants), représentant 49,17 % du capital (53,78 % en base partiellement diluée). Après le règlement de la dette et en tenant compte d’autres actions corporatives, Scryb détient désormais 74 431 950 actions et 13 125 000 warrants, soit 38,59 % (42,50 % partiellement dilué) des 192 880 745 actions en circulation de Cybeats.
Scryb Inc. (OTC:SCYRF) hat seine Beteiligung an Cybeats Technologies Corp. nach einem bedeutenden Schuldenausgleich angepasst. Am 5. August 2025 erwarb Scryb 9 788 450 Stammaktien von Cybeats zur Begleichung von Schulden in Höhe von 978 845 US-Dollar; dies war Teil eines größeren Schuldenausgleichs über 1,5 Millionen US-Dollar, der 15 000 000 Aktien umfasste.
Vor der Transaktion hielt Scryb 64 643 500 Aktien und 13 125 000 Warrants, was 49,17% Eigentumsanteil (teilweise verwässert 53,78%) entsprach. Nach dem Schuldenausgleich und unter Berücksichtigung weiterer gesellschaftlicher Maßnahmen hält Scryb nun 74 431 950 Aktien und 13 125 000 Warrants, entsprechend 38,59% Eigentumsanteil (42,50% teilweise verwässert) an den insgesamt 192 880 745 ausstehenden Aktien von Cybeats.
Positive
- Debt settlement of $978,845 through share issuance improves balance sheet structure
- Scryb maintains significant ownership position with 38.59% of Cybeats
Negative
- Scryb’s ownership percentage decreased from 49.17% to 38.59% due to dilution
- Four-month and one-day lock-up period restricts share liquidity
08/08/2025 – 08:25 PM
Toronto, Ontario–(Newsfile Corp. – August 8, 2025) – Scryb Inc. (CSE: SCYB) (OTC Pink: SCYRF) (FSE: EIY) (“Scryb”) has officially reported changes in its holdings of Cybeats Technologies Corp. The disclosure, made in compliance with Multilateral Instrument 62-104 and National Instrument 62-103, outlines the acquisition of shares through a debt settlement agreement.
On August 5th, Scryb scooped up 9,788,450 common shares of Cybeats, effectively wiping out $978,845 of debt owed by the cybersecurity firm. This move was part of a larger restructuring initiative by Cybeats, which saw the company issue 15,000,000 common shares to extinguish a total of $1.5 million in liabilities, according to the filing.
However, investors should note that these newly acquired shares are subject to a four-month and one-day hold period, commencing on the closing date, as mandated by National Instrument 45-102, restricting immediate resale.
As of the report date, Cybeats declared a total of 192,880,745 common shares issued and outstanding, reflecting the impact of these recent transactions.
Prior to the debt settlement, Scryb controlled 64,643,500 common shares and 13,125,000 warrants, giving them a hefty 49.17% ownership stake, which translated to 53.78% on a partially diluted basis. This calculation was based on the then-outstanding 131,460,740 common shares of Cybeats.
Following the debt settlement, as well as accounting for debenture conversions and a brokered offering completed on August 5th and 7th, respectively, Scryb now holds 74,431,950 common shares and 13,125,000 warrants. Factoring in Cybeats’ current share count of 192,880,745, Scryb’s ownership is now approximately 38.59% (42.50% partially diluted).
Scryb clarified that the acquisition was made for investment purposes. The company maintains the flexibility to adjust its stake in Cybeats moving forward, stating it “may from time to time in the future increase or decrease the ownership, control or direction over securities of the Issuer, through market transactions, private agreements, or otherwise.” This leaves the door open for further strategic moves by Scryb depending on market conditions and other opportunities.
In compliance with NI 62-103 and NI 62-104, an early warning report detailing Scryb’s acquisition will be accessible on the SEDAR+ platform under Cybeats’ profile.
About Scryb Inc.
Scryb invests in and actively supports a growing portfolio of innovative and high-upside ventures across AI, biotech, digital health, and cybersecurity.
Forward-looking Information Cautionary Statement
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events.
In particular, this press release contains forward-looking information relating to, among other things, the proposed Consolidation, including the record date, effective date and ratio thereof. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, included in this press release, the assumption that the Canadian Securities Exchange will not object to the proposed Consolidation and that the Consolidation will be completed as currently anticipated. Although such statements are based on reasonable assumptions of the Company’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, that the Canadian Securities Exchange may object to the proposed Consolidation and use its discretion to prohibit the proposed Consolidation; that the Consolidation may not be completed by the Company; and that the board of directors of the Company retains discretion over the terms and implementation of the Consolidation. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261841
FAQ
What is Scryb’s current ownership percentage in Cybeats Technologies after the debt settlement?
After the debt settlement, Scryb owns 38.59% of Cybeats Technologies on an undiluted basis and 42.50% on a partially diluted basis.
How many shares did Scryb acquire in the August 2025 debt settlement?
Scryb acquired 9,788,450 common shares of Cybeats Technologies in settlement of $978,845 of debt.
What is the total number of Cybeats Technologies shares outstanding after the transaction?
After the debt settlement and other corporate actions, Cybeats Technologies has 192,880,745 common shares issued and outstanding.
What restrictions apply to the newly issued shares from the debt settlement?
The shares are subject to a four-month and one-day hold period starting from the closing date, as per National Instrument 45-102.
How many warrants does Scryb hold in Cybeats Technologies?
Scryb holds 13,125,000 common share purchase warrants in Cybeats Technologies.
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