Cybeats Announces Extension of Warrant Expiry

Rhea-AI Summary

Cybeats Technologies Corp. extends the expiry date of 32,591,800 common share purchase warrants, benefiting shareholders with extended exercise periods at unchanged prices.

Toronto, Ontario--(Newsfile Corp. - April 3, 2024) - Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) ("Cybeats'' or the "Company") is pleased to announce it has extended the expiry date of an aggregate of 32,591,800 previously issued common share purchase warrants (the "Warrants").

6,607,000 Warrants were originally issued by the Company on April 21, 2022 at an exercise price of $0.50 per common share and were to expire on April 21, 2024. 6,607,000 Warrants have been extended to May 11, 2025. The exercise price of the 6,607,000 Warrants will remain unchanged.

25,984,800 Warrants were originally issued by the Company on November 11, 2022 at an exercise price of $0.60 per common share and were to expire on May 11, 2024. 25,984,800 Warrants have been extended for an additional twelve (12) months, with the amended expiry being May 11, 2025. The exercise price of the 25,984,800 Warrants will remain unchanged.

About Cybeats

Cybeats is a cybersecurity company providing SBOM management and software supply chain intelligence technology, helping organizations to manage risk, meet compliance requirements, and secure their software from procurement to development and operation. The platform gives customers comprehensive visibility and transparency into their software supply chain, enabling them to improve operational efficiency and increase revenue. Cybeats. Software Made Certain. Website: https://cybeats.com

SUBSCRIBE: For more information, or to subscribe to the Company's mail list, visit: https://www.cybeats.com/investors

Contact:
James Van Staveren
Corporate Development
Phone: 1-888-713-SBOM (7266)
Email: ir@cybeats.com

Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for the products described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Company filings are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204217

FAQ

What is the ticker symbol of Cybeats Technologies Corp.?

The ticker symbol of Cybeats Technologies Corp. is CYBCF.

How many common share purchase warrants were extended by Cybeats Technologies Corp.?

Cybeats Technologies Corp. extended an aggregate of 32,591,800 common share purchase warrants.

What was the exercise price of the 6,607,000 warrants originally issued on April 21, 2022?

The exercise price of the 6,607,000 warrants originally issued on April 21, 2022 was $0.50 per common share.

What is the new expiry date for the 6,607,000 warrants that were extended?

The expiry date for the 6,607,000 warrants has been extended to May 11, 2025.

How many warrants were originally issued on November 11, 2022, by Cybeats Technologies Corp.?

Cybeats Technologies Corp. originally issued 25,984,800 warrants on November 11, 2022.

What was the exercise price of the 25,984,800 warrants originally issued on November 11, 2022?

The exercise price of the 25,984,800 warrants originally issued on November 11, 2022 was $0.60 per common share.

What is the new expiry date for the 25,984,800 warrants that were extended?

The expiry date for the 25,984,800 warrants has been extended to May 11, 2025.