secwatch.observer — SEC 8-K summary
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Issuer:     Cyber App Solutions Corp. (—)
CIK:        0001851048
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001851048-26-000004
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

Cyber App Solutions faces foreclosure on $28M convertible notes; auction set for June 2, 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851048/000185104826000004/0001851048-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851048/000185104826000004/form8k_foreclosure.txt
  HTML page:      https://secwatch.observer/filing/0001851048-26-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer