---
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"
generated_at: "2026-06-07T21:40:19.790938+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cyber App Solutions issues $16M convertible notes with warrants to Kips Bay Select and Cyber One

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-066103
- form_type: 8-K
- cik: 0001851048
- company_name: Cyber App Solutions Corp.
- filed_at: 2023-11-27T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-066103
- JSON: https://secwatch.observer/filing/0000950170-23-066103.json
- Plain text: https://secwatch.observer/filing/0000950170-23-066103.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $16,000,000
  - Counterparty: Kips Bay Select LP, Cyber One, LTD
  - Rate: five percent (5%) per annum prior to any Event of Default or eighteen percent (1
  - Maturity: July 21, 2024
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1851048/000095017023066103/0000950170-23-066103-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Kips Bay Select LP and Cyber One, LTD
  - Value: $16,000,000
  - Effective: 2023-11-21
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1851048/000095017023066103/0000950170-23-066103-index.htm

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