CYABRA, INC. (CYAB): debt financing — Cyabra completes business combination with Trailblazer, begins trading as CYAB on Nasdaq

CYABRA, INC.

Post-closing shares outstanding: 13,814,167 Common; 3,061 Series A; 13,330 Series B; 10,660 Series C Preferred.
PIPE investments of $8M closed; $5.5M cash received and $2.5M bridge notes extinguished.
Up to 3M earnout shares issuable in tranches at VWAP thresholds of $15, $20, and $25.
Sponsor $5.33M note converted into preferred stock with $15.99M stated value.
Trailblazer stockholders who elected redemption received ~$11.97 per share from trust account.

item 3.03 item 1.01 item 2.01 item 5.06 item 9.01 item 5.02 item 3.02 item 4.01 item 2.03 item 5.01 item 5.03 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CYABRA, INC. incurred loan of $1,000,000 with Alpha Capital Anstalt at 10% per annum maturing upon the earlier of (i) the date of the consummation of the Business Combination or (ii) February 18, 2026.

Instrument: loan
Principal: $1,000,000
Counterparty: Alpha Capital Anstalt
Rate: 10% per annum
Maturity: upon the earlier of (i) the date of the consummation of the Business Combination or (ii) February 18, 2026
Event: incurrence

Exact text from the filing

On February 5, 2026, Alpha provided Cyabra with a loan in the aggregate amount of $1.0 million in the form of a promissory note (the “February 2026 Promissory Note”). The February 2026 Promissory Note becomes due upon the earlier of (i) the date of the consummation of the Business Combination or (ii) February 18, 2026. Cyabra shall prepay the February 2026 Promissory Note with 50% of all gross revenue of Cyabra or proceeds of any financing net of any reseller or broker fees, within ten (10) business days of receipt of any such funds, until the February 2026 Promissory Note has been repaid in full. Immediately prior to the Closing of the Business Combination, the accrued interest on the February 2026 Promissory Note amounted to $14,000. The February 2026 Promissory Note accrued interest at a rate of 10% per annum. Upon the Closing of the Business Combination, the February 2026 Promissory Note remained outstanding.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CYABRA, INC. incurred loan of $450,000 with Alpha Capital Anstalt at 10% per annum maturing upon the earlier of (i) the date of the consummation of the Business Combination or (ii) March 19, 2026.

Instrument: loan
Principal: $450,000
Counterparty: Alpha Capital Anstalt
Rate: 10% per annum
Maturity: upon the earlier of (i) the date of the consummation of the Business Combination or (ii) March 19, 2026
Event: incurrence

Exact text from the filing

On March 9, 2026, Alpha provided Cyabra with a loan in the aggregate amount of $450,000 in the form of a promissory note (the “March 2026 Promissory Note”). The March 2026 Promissory Note becomes due upon the earlier of (i) the date of the consummation of the Business Combination or (ii) March 19, 2026. Cyabra shall prepay the March 2026 Promissory Note with 50% of all gross revenue of Cyabra or proceeds of any financing net of any reseller or broker fees, within ten (10) business days of receipt of any such funds, until the March 2026 Promissory Note has been repaid in full. Immediately prior to the Closing of the Business Combination, the accrued interest on the March 2026 Promissory Note amounted to $2,000. The March 2026 Promissory Note accrued interest at a rate of 10% per annum. Upon the Closing of the Business Combination, the March 2026 Promissory Note remained outstanding.

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

CYABRA, INC. issued preferred stock to PIPE Investors.

Security: preferred stock
Purchaser: PIPE Investors

Exact text from the filing

shares of Holdings Series B Preferred Stock issued to the PIPE Investors in the PIPE Investments

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

CYABRA, INC. issued preferred stock to the Sponsor.

Security: preferred stock
Purchaser: the Sponsor

Exact text from the filing

shares of Holdings Series B Preferred Stock and Holdings Series C Preferred Stock issued to the Sponsor pursuant to the Sponsor Note

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

CYABRA, INC. issued common stock to LifeSci and Ladenburg.

Security: common stock
Purchaser: LifeSci and Ladenburg

Exact text from the filing

The issuance of the LifeSci Advisor Shares and the Ladenburg Advisor Shares in connection with the financial advisory and investment banking services provided by LifeSci and Ladenburg

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

CYABRA, INC. issued preferred stock.

Security: preferred stock

Exact text from the filing

on March 26, 2026, the Company filed the Series A Convertible Preferred Stock Certificate of Designation (as corrected by the Certificate of Correction (the “Certificate of Correction”) filed with the State of Delaware on March 27, 2026, the “Series A Certificate of Designation”)

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37 debt financings filed in the last 30 days. Browse all debt financings →

CYABRA, INC. filing history →

Source: SEC EDGAR

accession 0001213900-26-036722

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