Skkynet secures C$1.04M govt loan for C$2.6M Industrial AI project

Skkynet Cloud Systems, Inc.

C$2.6M (US$1.9M) project partially funded by C$1.04M interest-free repayable loan from FedDev Ontario.
Project enhances Cogent DataHub platform with secure real-time data bridges for Industrial AI.
Funding will expand engineering team and accelerate commercialization of Industrial AI solutions.
Announced with Minister Evan Solomon; CEO Gary Tillery and President Paul Thomas commented.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Skkynet Cloud Systems, Inc. entered into a credit facility with FedDev Ontario’s Regional Artificial Intelligence Initiative valued at C$1.04 million (US$0.75 million) (effective 2025-12-18).

Action: entry
Agreement: credit facility
Counterparty: FedDev Ontario’s Regional Artificial Intelligence Initiative
Value: C$1.04 million (US$0.75 million)
Effective: 2025-12-18

Exact text from the filing

On December 18, 2025, Skkynet Cloud Systems, Inc. (“the Company”) announced a C$2.6 million (US$1.9 million) Industrial AI Product Development Initiative (the “Project”) partially funded by the Government of Canada through FedDev Ontario’s Regional Artificial Intelligence Initiative (“FedDev Ontario”).

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Skkynet Cloud Systems, Inc. filing history →

Source: SEC EDGAR

accession 0001477932-25-009037

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