---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-050830"
form_type: "8-K"
ticker: null
cik: "0001851048"
company_name: "Cyber App Solutions Corp."
filed_at: "2023-09-29T23:59:59+00:00"
generated_at: "2026-06-10T07:03:37.647097+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cyber App Solutions appoints new directors and CFO; Proton Green shows $27.4M loss

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-050830
- form_type: 8-K
- cik: 0001851048
- company_name: Cyber App Solutions Corp.
- filed_at: 2023-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1851048/000095017023050830/0000950170-23-050830-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851048/000095017023050830/cyrb-20230929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-050830
- JSON: https://secwatch.observer/filing/0000950170-23-050830.json
- Plain text: https://secwatch.observer/filing/0000950170-23-050830.txt

## Key facts
- Executive change
  Peter Wagner was appointed as Director at Cyber App Solutions Corp..
  - Action: appointed
  - Role: Director
  source text: Messrs. David Hobbs and Peter Wagner to serve as the Company's directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851048/000095017023050830/0000950170-23-050830-index.htm
- Executive change
  David Hobbs was appointed as Executive Chairman at Cyber App Solutions Corp..
  - Action: appointed
  - Role: Executive Chairman
  source text: Messrs. David Hobbs and Peter Wagner to serve as the Company's directors, effective immediately. Mr. Hobbs will serve as an Executive Chairman.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851048/000095017023050830/0000950170-23-050830-index.htm
- Executive change
  John Coates was appointed as Chief Technology Officer at Cyber App Solutions Corp..
  - Action: appointed
  - Role: Chief Technology Officer
  source text: Mr. John Coates as the Chief Technology Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851048/000095017023050830/0000950170-23-050830-index.htm
- Executive change
  Kenneth Winters was appointed as Chief Financial Officer at Cyber App Solutions Corp..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the Board also appointed Mr. Kenneth Winters as the Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851048/000095017023050830/0000950170-23-050830-index.htm
- Governance Changes
  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
  source text: On September 29, 2023, the Board approved a change in fiscal year end of the Company from February 28th to December 31st.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851048/000095017023050830/0000950170-23-050830-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.