secwatch.observer — SEC 8-K summary
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Issuer:     Cyber App Solutions Corp. (—)
CIK:        0001851048
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0000950170-23-050830
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851048/000095017023050830/0000950170-23-050830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851048/000095017023050830/cyrb-20230929.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-050830

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