{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-066103","form_type":"8-K","ticker":null,"cik":"0001851048","company_name":"Cyber App Solutions Corp.","filed_at":"2023-11-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.049823+00:00","generated_at":"2026-06-07T21:40:19.790938+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Cyber App Solutions issues $16M convertible notes with warrants to Kips Bay Select and Cyber One","bullets":["Net proceeds of $8M after 50% original-issue discount used to settle $6M Alpha Carta Ltd. debt and Trade Credit Agreement.","Notes bear 5% interest (18% after default), mature July 21, 2024; monthly payments of $1.5M begin Jan 21, 2024.","Warrants for up to 7,692,308 shares exercisable at lower of $3.12 per share or Valuation Cap Price (cap $250M).","Subsidiaries Proton Green LLC and PG LandCo LLC guarantee the notes; assets pledged as collateral."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-066103","json":"https://secwatch.observer/filing/0000950170-23-066103.json","markdown":"https://secwatch.observer/filing/0000950170-23-066103.md","text":"https://secwatch.observer/filing/0000950170-23-066103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1851048/000095017023066103/0000950170-23-066103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1851048/000095017023066103/cyrb-20231121.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T21:40:19.790938+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"109424c30458185569ef9b2cc1f371b08544f7c7","claim":"Cyber App Solutions Corp. incurred convertible notes of $16,000,000 with Kips Bay Select LP, Cyber One, LTD at five percent (5%) per annum prior to any Event of Default or eighteen percent (1 maturing July 21, 2024.","evidence_excerpt":"On November 21, 2023, pursuant to the SPA, the Company issued a Note to each Investor in the principal amount of $8,000,000.00. The aggregate principal amount of the Notes is $16,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1851048/000095017023066103/0000950170-23-066103-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$16,000,000"},{"label":"Counterparty","value":"Kips Bay Select LP, Cyber One, LTD"},{"label":"Rate","value":"five percent (5%) per annum prior to any Event of Default or eighteen percent (1"},{"label":"Maturity","value":"July 21, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0167f543ff9fd9a9f0d34e4c0a12f676d4cb3d73","claim":"Cyber App Solutions Corp. entered into Securities Purchase Agreement with Kips Bay Select LP and Cyber One, LTD valued at $16,000,000 (effective 2023-11-21).","evidence_excerpt":"On November 21, 2023, Cyber App Solutions Corp.,a Nevada corporation (the “Company” or “we”), Kips Bay Select LP, a Delaware limited partnership (“Kips Bay Select” or the “Lead Investor”), and Cyber One, LTD, a Cayman Islands limited company (the “Investor” and together with the Lead Investor, the “Investors”) entered into and closed the secured transaction contemplated by a Securities Purchase Agreement (the “SPA”),","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1851048/000095017023066103/0000950170-23-066103-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Kips Bay Select LP and Cyber One, LTD"},{"label":"Value","value":"$16,000,000"},{"label":"Effective","value":"2023-11-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}