Toronto, Ontario — January 9, 2026 — Leads & Copy — Cybeats Technologies Corp. and Scryb Inc. have announced the closing of their debt settlement transaction. The settlement, initially announced on December 31, 2025, involved Cybeats settling $1,200,000 in debt under a secured debenture held by Scryb.
According to the terms of the Debt Settlement, Cybeats has issued 10,000,000 common shares at a price of $0.12 per share to Scryb. These shares are subject to a statutory four-month-and-one-day hold period, as mandated by applicable securities laws.
The transaction does not result in any new control person for Cybeats. However, because Scryb is considered a control person of Cybeats, the Debt Settlement was classified as a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101”).
Both companies relied on exemptions from the formal valuation and minority shareholder approval requirements outlined in sections 5.5(a) and 5.7(1)(a) of MI 61-101. These exemptions were applicable because the fair market value of the Debt Settlement and the issued common shares did not exceed 25% of each company’s respective market capitalization.
Cybeats and Scryb believe the completion of the Debt Settlement strengthens Cybeats’ financial position and will support its ongoing operational and growth initiatives.
Cybeats Technologies Corp. is a cybersecurity company that provides Software Bill of Material (SBOM) management and software supply chain intelligence technology. Scryb invests in and actively supports a growing portfolio of innovative and high-upside ventures across the technology sector.
Cybeats’ platform offers visibility and transparency into their software supply chain, enabling them to improve operational efficiency, increase revenue, and align organizations with current and future regulations.
Justin Leger, CEO of Cybeats Technologies Corp. can be reached at 1-888-713-SBOM (7266) or ir@cybeats.com. Sean Peasgood, Investor Relations at Cybeats Technologies Corp. can be reached at (905) 667-6761 or Sean@SophicCapital.com. James Van Staveren, CEO of Scryb Inc. can be reached at 647-847-5543 or info@scryb.ai.
Source: Cybeats Technologies Corp.
