---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-009037"
form_type: "8-K"
ticker: "SKKY"
cik: "0001546853"
company_name: "Skkynet Cloud Systems, Inc."
filed_at: "2025-12-18T23:59:59+00:00"
generated_at: "2026-05-16T12:44:10.121505+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-25-009037
- form_type: 8-K
- ticker: SKKY
- cik: 0001546853
- company_name: Skkynet Cloud Systems, Inc.
- filed_at: 2025-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1546853/000147793225009037/0001477932-25-009037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1546853/000147793225009037/skky_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-009037
- JSON: https://secwatch.observer/filing/0001477932-25-009037.json
- Plain text: https://secwatch.observer/filing/0001477932-25-009037.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1546853/000147793225009037/0001477932-25-009037-index.htm

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