Loan & DebtNov 10, 2026, 05:26 PM
Cyabra Secures $1.5M Loan; Approves Reverse Stock Split
AI Summary
Cyabra, Inc. has entered into a Secured Promissory Note and Security Agreement with Alpha Capital Anstalt for up to $1,500,000, with an initial tranche of $650,000 funded. The loan accrues interest at 10% annually, secured by all company assets, and matures on January 15, 2027, with an extension option. Additionally, the company held its 2026 Annual Meeting of Stockholders, where directors were re-elected, the appointment of auditors was ratified, and a reverse stock split was approved.
Key Highlights
- Cyabra, Inc. secured a $1.5M promissory note from Alpha Capital Anstalt.
- Initial tranche of $650,000 funded on November 9, 2026.
- Interest rate is 10% per annum, increasing to 18% upon default.
- Maturity date is January 15, 2027, with an extension option to December 31, 2028.
- Obligations are secured by substantially all company assets, including IP and subsidiary equity.
- Shareholders re-elected Michael Pompeo and James Flanagan as Class I Directors.
- Appointment of Somekh Chaikin as independent registered public accounting firm ratified.
- Shareholders approved a reverse stock split with a ratio between 1-for-2 and 1-for-30.
Price Impact
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