Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
Cyber App Solutions Corp. incurred loan of $100,000, $125,000, $100,000 and $75,000 with Pandora Energy, LP, Black Hills Properties, LLLP, Sawtooth Properties, LLLP, John A. Brda Trust dated 10-9-2015 at annual interest rate of 20% maturing within two weeks of listing of common stock on a national securities exchange, or if not listed, February 20, 2026 for Pandora, Black Hills, Sawtooth and Februa.
- Instrument
- loan
- Principal
- $100,000, $125,000, $100,000 and $75,000
- Counterparty
- Pandora Energy, LP, Black Hills Properties, LLLP, Sawtooth Properties, LLLP, John A. Brda Trust dated 10-9-2015
- Rate
- annual interest rate of 20%
- Maturity
- within two weeks of listing of common stock on a national securities exchange, or if not listed, February 20, 2026 for Pandora, Black Hills, Sawtooth and Februa
- Event
- incurrence
Exact text from the filing
On February 19, 2025, Cyber App Solutions Corp. (the “Company”), entered into separate loan agreements (each a “Loan Agreement,” and collectively, the “Loan Agreements”), with Pandora Energy, LP (“Pandora”), Black Hills Properties, LLLP (“Black Hills”), Sawtooth Properties, LLLP (“Sawtooth”) and John A. Brda, Trust dated 10-9-2015 (“Trust,” and together with Pandora, Black Hills and Sawtooth, the “Lenders”), which provides for loans to the Company in the principal amounts of $100,000, $125,000, $100,000 and $75,000, respectively (each a “Funding Amount”). The amounts owed under each Loan Agreement is expected to be repaid (i) within two weeks of the listing of our common stock (“common stock”) for trading on the Nasdaq Global Select Market, the Nasdaq Global Market, the Nasdaq Capital Market, the New York Stock Exchange, NYSE Amex or any other National Securities Exchange (as defined in the Securities Exchange Act of 1934) (the “Applicable Exchange”) or (ii) if the common stock is not
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