8-K
filed September 29, 2023, 7:59 PM ET
CIK 0001851048
other material
confidence high
sentiment negative
materiality 0.80
Cyber App Solutions appoints new directors and CFO; Proton Green shows $27.4M loss
Cyber App Solutions Corp.
- David Hobbs (Executive Chairman) and Peter Wagner appointed as independent directors; both have senior oil & gas experience.
- Kenneth Winters appointed CFO; John Coates appointed CTO; both previously with Proton Green.
- Fiscal year changed from Feb 28 to Dec 31 to align with Proton Green.
- Proton Green audited 2022 financials show net loss of $27.4M, total liabilities of $23.5M, and going-concern uncertainty.
- Proton Green has no revenue; $12.4M in unproved helium/CO2 properties; debt of $19.3M.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Peter Wagner was appointed as Director at Cyber App Solutions Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
Messrs. David Hobbs and Peter Wagner to serve as the Company's directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
David Hobbs was appointed as Executive Chairman at Cyber App Solutions Corp..
- Action
- appointed
- Role
- Executive Chairman
Exact text from the filing
Messrs. David Hobbs and Peter Wagner to serve as the Company's directors, effective immediately. Mr. Hobbs will serve as an Executive Chairman.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
John Coates was appointed as Chief Technology Officer at Cyber App Solutions Corp..
- Action
- appointed
- Role
- Chief Technology Officer
Exact text from the filing
Mr. John Coates as the Chief Technology Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Kenneth Winters was appointed as Chief Financial Officer at Cyber App Solutions Corp..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
the Board also appointed Mr. Kenneth Winters as the Chief Financial Officer
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Cyber App Solutions Corp.: The Company changed its fiscal year end from February 28th to December 31st (effective 2023-09-29).
- Change
- fiscal year change
- Effective
- 2023-09-29
Exact text from the filing
On September 29, 2023, the Board approved a change in fiscal year end of the Company from February 28th to December 31st.
View on SEC.gov
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