---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-005358"
form_type: "8-K"
ticker: null
cik: "0001851048"
company_name: "Cyber App Solutions Corp."
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T07:54:01.563503+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Cyber App Solutions completes reverse acquisition of Proton Green; change of control and CEO

## Summary
- Issued ~68M shares (94.4% of post-transaction shares) to acquire Proton Green, a helium/CO2/carbon storage developer.
- Proton Green holds 152,000 acres in Arizona; verified 9 Tcf CO2 and 30 Bcf helium reserves.
- Steven Looper appointed CEO, President, and Director, replacing Evgenii Pak who resigned.
- Authorized shares increased from 75M to 250M; company address moved from South Korea to Houston, TX.
- First helium processing facility started July 2023; 500 ton/day beverage-grade CO2 facility expected Q1 2024.

## SEC filing metadata
- accession: 0001477932-23-005358
- form_type: 8-K
- cik: 0001851048
- company_name: Cyber App Solutions Corp.
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.01, 5.02, 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1851048/000147793223005358/0001477932-23-005358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851048/000147793223005358/cyber_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-005358
- JSON: https://secwatch.observer/filing/0001477932-23-005358.json
- Plain text: https://secwatch.observer/filing/0001477932-23-005358.txt

## Key facts
- Executive change
  Steven Looper was appointed as Chief Executive Officer, President, Director at Cyber App Solutions Corp..
  - Action: appointed
  - Role: Chief Executive Officer, President, Director
  source text: The business background descriptions of the newly appointed officer and director is as follows: Steven Looper
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851048/000147793223005358/0001477932-23-005358-index.htm
- Governance Changes
  Cyber App Solutions Corp.: Increased authorized shares of common stock from 75,000,000 to 250,000,000 (effective 2023-07-13).
  - Change: charter amendment
  - Effective: 2023-07-13
  source text: Effective July 13, 2023, the Company filed a Certificate of Amendment to its Amended Articles of Incorporation (the “Articles of Amendment”) with the Secretary of State of the State of Nevada effecting an increase in the authorized shares of common stock from 75,000,000 to 250,000,000 (the “Corporate Action”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851048/000147793223005358/0001477932-23-005358-index.htm
- M&A Transactions
  Cyber App Solutions Corp. completed an acquisition involving Proton Green, LLC and its members for issuance of approximately 68 million shares of common stock, representing approximately 94.4% of the issued and outstanding shares of common stock of the Compan (closed 2023-07-17).
  - Action: acquisition
  - Counterparty: Proton Green, LLC and its members
  - Consideration: issuance of approximately 68 million shares of common stock, representing approximately 94.4% of the issued and outstanding shares of common stock of the Compan
  - Closing: 2023-07-17
  source text: interests of Proton Green held by the Proton Green Members for shares of common stock of the Company. At the Closing Date, the Company issued approximately sixty-eight million (68,000,000) newly issued shares s of common stock to the Proton Green Members, representing approximately 94.4% of the issued and outstanding shares of common stock of the Company following
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851048/000147793223005358/0001477932-23-005358-index.htm
- Material Agreements
  Cyber App Solutions Corp. entered into Share Exchange Agreement with Proton Green, LLC and the members of Proton Green (effective 2023-07-17).
  - Action: entry
  - Agreement: merger
  - Counterparty: Proton Green, LLC and the members of Proton Green
  - Effective: 2023-07-17
  source text: Effective July 17, 2023 (the “Closing Date”), Cyber App Solutions Corp. (the “Company”) entered into that certain Share Exchange Agreement (the “Share Exchange Agreement”) by and among the Company, Proton Green, LLC, a Wyoming limited liability company (“Proton Green”) and the members of Proton Green (the “Proton Green Members”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851048/000147793223005358/0001477932-23-005358-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.