Cyber App Solutions Corp.: debt financing — Cyber App Solutions faces foreclosure on $28M convertible notes; auction set for June 2, 2026

Cyber App Solutions Corp.

Kips Bay Select filed Notice of Trustee's Sale on Feb 26, 2026; public auction scheduled June 2, 2026 at Apache County Courthouse.
Amount due upon acceleration of Convertible Notes is approximately $28M, including default interest and fees.
Foreclosure triggered by previously disclosed defaults; Company in discussions with Investors but no restructuring agreement yet.
Company evaluating options and intends to further engage with Investors; no assurance on outcome.

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

Cyber App Solutions Corp. faced acceleration on convertible notes of approximately $28,000,000 with Kips Bay Select, LP at default interest calculated since the first event of default.

Instrument: convertible notes
Principal: approximately $28,000,000
Counterparty: Kips Bay Select, LP
Rate: default interest calculated since the first event of default
Event: acceleration

Exact text from the filing

the Company believes the amount currently due and payable upon acceleration of the Convertible Notes is approximately $28,000,000

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Source: SEC EDGAR

accession 0001851048-26-000004

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