Scryb Inc. Provides Early Warning Update on Holdings In Cybeats Technologies Corp.
Scryb Inc. (OTC:SCYRF) has updated its holdings in Cybeats Technologies Corp. following a significant debt settlement transaction. On August 5, 2025, Scryb acquired 9,788,450 common shares of Cybeats in settlement of $978,845 of debt, as part of a larger $1.5 million debt settlement involving 15,000,000 shares.
Prior to the transaction, Scryb held 64,643,500 shares and 13,125,000 warrants, representing 49.17% ownership (53.78% partially diluted). Following the debt settlement and accounting for other corporate actions, Scryb now owns 74,431,950 shares and 13,125,000 warrants, representing 38.59% ownership (42.50% partially diluted) of Cybeats' 192,880,745 outstanding shares.
Scryb Inc. (OTC:SCYRF) ha aggiornato la propria partecipazione in Cybeats Technologies Corp. a seguito di un'importante operazione di estinzione del debito. Il 5 agosto 2025 Scryb ha acquisito 9 788 450 azioni ordinarie di Cybeats in compensazione di 978 845 dollari di debito, parte di un pi霉 ampio accordo da 1,5 milioni di dollari che prevedeva 15 000 000 di azioni.
Prima dell'operazione Scryb deteneva 64 643 500 azioni e 13 125 000 warrant, corrispondenti al 49,17% della propriet脿 (53,78% su base parzialmente diluita). Dopo l'estinzione del debito e tenendo conto di altre azioni societarie, Scryb possiede ora 74 431 950 azioni e 13 125 000 warrant, pari al 38,59% della societ脿 (42,50% parzialmente diluito) su un totale di 192 880 745 azioni in circolazione di Cybeats.
Scryb Inc. (OTC:SCYRF) ha actualizado su participaci贸n en Cybeats Technologies Corp. tras una importante cancelaci贸n de deuda. El 5 de agosto de 2025 Scryb adquiri贸 9 788 450 acciones ordinarias de Cybeats para saldar 978 845 d贸lares de deuda, como parte de una cancelaci贸n mayor de 1,5 millones de d贸lares que implic贸 15 000 000 de acciones.
Antes de la operaci贸n, Scryb pose铆a 64 643 500 acciones y 13 125 000 warrants, lo que representaba el 49,17% de la propiedad (53,78% diluido parcialmente). Tras la cancelaci贸n de la deuda y otras acciones corporativas, Scryb posee ahora 74 431 950 acciones y 13 125 000 warrants, equivalentes al 38,59% (42,50% diluido parcialmente) de las 192 880 745 acciones en circulaci贸n de Cybeats.
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瓯半灅 鞚挫爠 Scryb電� 64,643,500欤检檧 13,125,000 鞗岆煱韸�毳� 氤挫湢頃� 49.17%鞚� 歆�攵�(攵�攵� 頋劃 旮办 53.78%)鞚� 彀頃橁碃 鞛堨棃鞀惦媹雼�. 毂勲 鞝曥偘 氚� 旮绊儉 須岇偓 臁办箻毳� 氚橃榿頃� 瓴瓣臣 Scryb電� 順勳灛 74,431,950欤检檧 13,125,000 鞗岆煱韸�毳� 氤挫湢頃� Cybeats鞚� 氚滍枆欤检嫕 齑� 192,880,745欤� 欷� 38.59%(攵�攵� 頋劃 旮办 42.50%)鞚� 歆�攵勳潉 氤挫湢頃橁矊 霅橃棃鞀惦媹雼�.
Scryb Inc. (OTC:SCYRF) a mis 脿 jour ses participations dans Cybeats Technologies Corp. 脿 la suite d'une importante op茅ration de r猫glement de dette. Le 5 ao没t 2025, Scryb a acquis 9 788 450 actions ordinaires de Cybeats en r猫glement de 978 845 dollars de dette, dans le cadre d'un r猫glement global de 1,5 million de dollars portant sur 15 000 000 d'actions.
Avant l'op茅ration, Scryb d茅tenait 64 643 500 actions et 13 125 000 bons de souscription (warrants), repr茅sentant 49,17 % du capital (53,78 % en base partiellement dilu茅e). Apr猫s le r猫glement de la dette et en tenant compte d'autres actions corporatives, Scryb d茅tient d茅sormais 74 431 950 actions et 13 125 000 warrants, soit 38,59 % (42,50 % partiellement dilu茅) des 192 880 745 actions en circulation de Cybeats.
Scryb Inc. (OTC:SCYRF) hat seine Beteiligung an Cybeats Technologies Corp. nach einem bedeutenden Schuldenausgleich angepasst. Am 5. August 2025 erwarb Scryb 9 788 450 Stammaktien von Cybeats zur Begleichung von Schulden in H枚he von 978 845 US-Dollar; dies war Teil eines gr枚脽eren Schuldenausgleichs 眉ber 1,5 Millionen US-Dollar, der 15 000 000 Aktien umfasste.
Vor der Transaktion hielt Scryb 64 643 500 Aktien und 13 125 000 Warrants, was 49,17% Eigentumsanteil (teilweise verw盲ssert 53,78%) entsprach. Nach dem Schuldenausgleich und unter Ber眉cksichtigung weiterer gesellschaftlicher Ma脽nahmen h盲lt Scryb nun 74 431 950 Aktien und 13 125 000 Warrants, entsprechend 38,59% Eigentumsanteil (42,50% teilweise verw盲ssert) an den insgesamt 192 880 745 ausstehenden Aktien von Cybeats.
- Debt settlement of $978,845 through share issuance improves balance sheet structure
- Scryb maintains significant ownership position with 38.59% of Cybeats
- Scryb's ownership percentage decreased from 49.17% to 38.59% due to dilution
- Four-month and one-day lock-up period restricts share liquidity
Toronto, Ontario--(Newsfile Corp. - August 8, 2025) - Scryb Inc. (CSE: SCYB) (OTC Pink: SCYRF) (FSE: EIY) ("Scryb") is issuing this release to report information concerning its holdings in Cybeats Technologies Corp. (the "Issuer"). This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids ("NI 62-104") and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103").
On August 5, 2025, Scryb acquired 9,788,450 common shares ("Common Shares") of the Issuer in settlement of
Pursuant to National Instrument 45-102 - Resale of Securities, the Common Shares are subject to a four-month and one-day hold period commencing on the Closing Date.
As at the date of this press release, the Issuer reports having 192,880,745 Common Shares issued and outstanding.
Immediately prior to the completion of the Debt Settlement, Scryb owned or exercised control or direction over 64,643,500 Common Shares and 13,125,000 common share purchase warrants (the "Warrants") representing approximately
After completion of the Debt Settlement and accounting for the debenture conversions and brokered offering of the Issuer that closed on August 5, 2025 and August 7, 2025, respectively, Scryb owns or exercises control or direction over 74,431,950 Common Shares and 13,125,000 Warrants, representing approximately
The acquisition of the securities described above was completed for investment purposes. Depending on market and other conditions, Scryb may from time to time in the future increase or decrease the ownership, control or direction over securities of the Issuer, through market transactions, private agreements, or otherwise.
In satisfaction of the requirements of NI 62-103 and NI 62-104, an early warning report respecting the acquisition of securities by Scryb will be filed under the Issuer's SEDAR+ Profile at . To obtain a copy of the early warning report filed by Scryb, please contact Scryb at (647) 872-9982 or refer to SEDAR+ under the Issuer's issuer profile. The Issuer is located in 65 International Blvd, Suite 103, Etobicoke, Ontario, M9W 6L9, Canada, and Scryb is located in 65 International Blvd, Suite 103, Etobicoke, Ontario, M9W 6L9, Canada.
About Scryb Inc.
Scryb invests in and actively supports a growing portfolio of innovative and high-upside ventures across AI, biotech, digital health, and cybersecurity.
Contact:
James Van Staveren, CEO
Phone: 647-847-5543
Email: [email protected]
Forward-looking Information Cautionary Statement
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.
In particular, this press release contains forward-looking information relating to, among other things, the proposed Consolidation, including the record date, effective date and ratio thereof. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, included in this press release, the assumption that the Canadian Securities Exchange will not object to the proposed Consolidation and that the Consolidation will be completed as currently anticipated. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, that the Canadian Securities Exchange may object to the proposed Consolidation and use its discretion to prohibit the proposed Consolidation; that the Consolidation may not be completed by the Company; and that the board of directors of the Company retains discretion over the terms and implementation of the Consolidation. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this press release.
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FAQ
What is Scryb's current ownership percentage in Cybeats Technologies after the debt settlement?
How many shares did Scryb acquire in the August 2025 debt settlement?
What is the total number of Cybeats Technologies shares outstanding after the transaction?
What restrictions apply to the newly issued shares from the debt settlement?
How many warrants does Scryb hold in Cybeats Technologies?
