CLOK - CLOK STOCK NEWS

Cipherloc Corporation (OTCQB:CLOK) has successfully acquired SideChannel Inc., a cybersecurity services firm, and announced its name change to SideChannel, Inc. The acquisition aims to harness combined expertise in cybersecurity for mid-market clients, leveraging a market projected to reach $500 billion by 2030. New CEO Brian Haugli aims for $5.5 million in annual revenue while integrating operations. The board is expanded to include new independent directors with significant industry experience, enhancing governance and strategic oversight.

Cipherloc Corporation (OTCQB:CLOK) has announced an agreement to acquire SideChannel Inc., a cybersecurity services provider focused on virtual Chief Information Security Officer (vCISO) services. This acquisition aims to enhance Cipherloc's offerings and address the needs of mid-market companies for comprehensive cybersecurity solutions. SideChannel reported a revenue increase of 114%, reaching $2.6 million in FY 2021. If closing conditions are met, SideChannel shareholders will receive up to 119.8 million shares of Cipherloc common stock based on revenue milestones.

Cipherloc Corporation (OTCQB:CLOK) announced its latest product, Cipherloc Enclave, a micro-segmentation platform designed for easy deployment of Zero Trust security models. Aimed at small and mid-market companies, Enclave provides comprehensive device communication control and robust encryption at a competitive price. It includes both free and paid plans, enhancing accessibility for users. CEO David Chasteen highlighted the platform's potential to simplify network management while addressing critical security concerns in today's volatile tech landscape.

Cipherloc Corporation (OTCQB:CLOK) has established a Board of Advisors to enhance the development and market entry of its advanced polymorphic encryption technology. This board includes experts such as Griffin Boyce from Google Fuchsia, Margaret Jones from Airtable, and Travis Williams from Hyperice, aimed at driving commercial applications. Cipherloc has developed three key products: Cipherloc Sentinel for data-in-motion, Cipherloc Armor for hardware-based encryption, and Cipherloc Shield for data-at-rest, showcasing its commitment to securing data in the digital age.

Cipherloc Corporation (OTCQB:CLOK) held its annual stockholder meeting on September 13, 2021, where shareholders elected board members and approved several key proposals. Among them were the ratification of an independent auditor, adoption of the 2021 Omnibus Equity Incentive Plan, and the company's reincorporation from Texas to Delaware. Shareholders also granted the board authority to enact a reverse stock split. The CEO emphasized a commitment to shareholder value and ongoing technology development, particularly the Polymorphic Encryption Core and its related products.

Cipherloc Corporation (CLOK), a leader in advanced encryption technology, filed its Quarterly Report for the fiscal Q3 ending June 30, 2021. The company is making strides in commercializing its Polymorphic Encryption Core (PEC) in real-world applications. CEO David Chasteen highlighted team expansion and the recent hiring of John Hetzel as VP of Business Development to accelerate sales. Three products, Cipherloc Sentinel, Armor, and Shield, enhance data security in various environments. An update call is scheduled for August 23, 2021.

Cipherloc Corporation (OTCQB:CLOK) announced the appointment of John Heltzel as Vice President of Business Development. Heltzel, an experienced leader in the encryption sector, is expected to accelerate the market adoption of Cipherloc's quantum-resistant encryption technology. CEO David Chasteen highlighted the company’s commitment to achieving positive cash flow from operations. Cipherloc's advanced technology includes products like Cipherloc Sentinel, Cipherloc Armor, and Cipherloc Shield, designed for various security applications.

Cipherloc Corporation (OTCQB:CLOK) announced significant progress in business development and financial health following its Q2 FY2021 filing. The company raised approximately $10 million to enhance its balance sheet and support commercialization efforts. Cipherloc's technology, including its SDK and products like Cipherloc Sentinel, Armor, and Shield, enables secure data encryption in various applications. CEO David Chasteen emphasized the company's commitment to maintaining a lean structure while preparing for future encryption standards, positioning Cipherloc as a leader in quantum-resistant solutions.

Cipherloc Corporation (OTCQB:CLOK) announced the completion of its second and final closing of a Securities Purchase Agreement, raising a total of approximately $10.0 million before expenses. This funding will support the commercialization of its advanced quantum-resistant encryption technology, specifically the FIPS-140-2 certified Polymorphic Encryption Core. The offering consisted of around 55.5 million shares and warrants sold at $0.18 each, representing 80% of the stock's closing price on March 30, 2021. Officers and directors have agreed to a 180-day lock-up on their shares.