Cyberloq Technologies, Inc. Form 8-K Filing
Cyberloq Technologies, Inc. has entered into amended, restated, and consolidated promissory notes (Restated Notes) with its convertible note holders. These notes consolidate and supersede prior agreements, with no ordinary interest accruing from September 1, 2026, through September 1, 2028. Principal and any default interest are due by September 1, 2028. Accrued interest through August 31, 2026, can be converted into shares of common stock at $0.10 per share, terminating other conversion rights. Upon issuance of these shares, the company will have no outstanding convertible debt. Additionally, the company amended its Articles of Incorporation to reclassify its common stock into Class A Voting Common Stock and Class B Non-Voting Common Stock. The total authorized shares remain the same, but the structure now includes 300,000,000 shares of Class A and 200,000,000 shares of Class B, along with existing preferred stock. Outstanding common stock was automatically redesignated as Class A Voting Common Stock. This amendment was approved by written consent of the majority of the company's voting power.