Cyber Apps (CYAP) Seeks Additional Financing Through Convertible Notes

Rhea-AI Summary

Cyber Apps World Inc. (CYAP) announced ongoing legal action against EMA Financial for breach of contract regarding a share purchase agreement and convertible promissory note. Despite these challenges, the company is actively seeking additional financing through convertible notes to support the development of its cyber technology products. Since November 2019, Cyber Apps has successfully raised funds through such notes, maintaining relationships with other investment companies. The company aims to enhance its offerings in e-commerce and mobile applications.

Positive

• Successfully raised funding since November 2019 through convertible notes.
• Maintains good relationships with multiple investment companies for future financing.
• Plans to enhance product offerings in cyber technology and e-commerce.

Negative

• Currently involved in litigation against EMA Financial, which may pose risks.
• Uncertainty regarding the ability to raise funding on favorable terms.

LAS VEGAS, NV / ACCESSWIRE / June 14, 2021 / Further to its news release dated June 10, 2021, in which Cyber Apps World Inc. (OTC PINK:CYAP) ("Cyber Apps" or the "Company") (Cyberappsworld.com) announced that it has commenced legal action against EMA Financial, LLC's ("EMA") in Nevada District Court for breach of contract claims relating to a share purchase agreement and corresponding convertible promissory note, the Company wishes to clarify that it still intends to seek additional financing through the issuance of additional convertible notes.

Since November 2019, Cyber Apps has been successful in raising funding for the acquisition and development of its various cyber technology products by issuing convertible notes to different accredited investors. While the Company's experience with EMA was disappointing and is now the subject of litigation, Cyber Apps maintains good relationships with several investment companies and is negotiating the issuance of additional convertible notes for funding that would allow the company to develop existing projects and acquire interests in new technologies.

About Cyber Apps World Inc.
Cyber Apps World, Inc. is a company that is dedicated to acquiring and developing a worldwide e-commerce internet platform with the purchase and sale of products and services by way of mobile/computer applications worldwide. Cyber Apps World anticipates making available to subscribers, an ever-growing list of applications and programs.

For more information go to: https://cyberappsworld.com

Forward-Looking Statements
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the Company is not able to raise funding as required or only on terms that are not favorable to the Company. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Cyber Apps World, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Cyber Apps World, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.

Company Address
9436 W. Lake Mead Blvd.
Suite 5-53
Las Vegas, NV 89134
Phone: (702) 805-0632

For All Inquiries Contact:
info@cyberappsworld.com

SOURCE: Cyber Apps World Inc.

View source version on accesswire.com:
https://www.accesswire.com/651498/Cyber-Apps-CYAP-Seeks-Additional-Financing-Through-Convertible-Notes

FAQ

What legal action is Cyber Apps World (CYAP) involved in?

Cyber Apps World has commenced legal action against EMA Financial for breach of contract related to a share purchase agreement.

How does Cyber Apps World (CYAP) plan to raise additional funds?

The company intends to issue additional convertible notes to secure financing for its technology projects.

What has been Cyber Apps World’s (CYAP) funding strategy since 2019?

Since November 2019, Cyber Apps has successfully raised funds by issuing convertible notes to accredited investors.

What is the focus of Cyber Apps World (CYAP)?

Cyber Apps World is focused on acquiring and developing an e-commerce internet platform through mobile and computer applications.

What risks does Cyber Apps World (CYAP) face?

The company faces risks related to its ongoing litigation and uncertainty in raising funds under favorable conditions.