Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Cyber App Solutions Corp. incurred loan of $150,000 at 20% maturing within two weeks of the listing of our common stock for trading on the Nasdaq Global Select Market, the Nasdaq Global Market, the Nasdaq Capital Market, the New.
- Instrument
- loan
- Principal
- $150,000
- Rate
- 20%
- Maturity
- within two weeks of the listing of our common stock for trading on the Nasdaq Global Select Market, the Nasdaq Global Market, the Nasdaq Capital Market, the New
- Event
- incurrence
Exact text from the filing
On March 7, 2025, Cyber App Solutions Corp. (the “Company”), entered into a loan agreement (the “Loan Agreement”), with an investor (the “Lender”), which provides for a loan to the Company in the principal amount of $150,000 (the “Funding Amount”). The amount owed under the 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 listed for trading on the Applicable Exchange, on March 7, 2026. The amount owed under the Loan Agreement will bear an annual interest rate of 20%.
View on SEC.gov