debt
confidence high
sentiment neutral
materiality 0.55
Cyabra raises $650K of $1.5M secured note at 10%; shareholders approve reverse split up to 1-for-30
CYABRA, INC.
- Secured Promissory Note and Security Agreement with Alpha Capital Anstalt totals up to $1.5M; a $650K initial tranche was funded November 9, 2026.
- Interest accrues at 10% per annum, rising to the lesser of 18% or the legal maximum during an Event of Default.
- Principal and interest due January 15, 2027, but Lender may unilaterally extend maturity in three-month increments to December 31, 2028.
- Note is secured by substantially all assets: accounts, inventory, deposits, patents, trademarks, copyrights and equity of subsidiaries; IAA-held assets excluded pending consent.
- 2026 annual meeting elected Michael Pompeo and James Flanagan as Class I directors and ratified Somekh Chaikin (KPMG) as FY2026 auditor; reverse split of 1-for-2 to 1-for-30 approved.