secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cyber App Solutions Corp. (—)
CIK:        0001851048
Form:       8-K
Filed at:   2025-03-24T23:59:59+00:00
Accession:  0001013762-25-001601
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Cyber App Solutions subsidiary takes $500K loan at 20% interest tied to Nasdaq listing
--------------------------------------------------------------------------------

- Proton Green, LLC (wholly owned) borrowed $500K from CFS Debt Fund L.P. at 20% annual interest.
- Repayment due within 2 weeks of Nasdaq listing or by March 19, 2026 if listing fails.
- Lender receives 33,334 commitment shares on repayment; 166,667 shares reserved as collateral.
- Uplisting failure triggers clawback: full repayment in 10 days, plus additional shares every 30 days.
- Establishment fee $15,000 and facility fee $25,000 added to principal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851048/000101376225001601/0001013762-25-001601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851048/000101376225001601/ea0231857-8k_cyberapp.htm
  HTML page:      https://secwatch.observer/filing/0001013762-25-001601

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer