Cyabra, Inc. has entered into a Secured Promissory Note and Security Agreement with Alpha Capital Anstalt, dated November 9, 2026. Under the terms of the agreement, the lender agreed to provide financing in an aggregate principal amount of up to $1,500,000, to be funded in tranches determined by the Company and the Lender.
The initial tranche of $650,000 was funded on November 9, 2026. The outstanding principal amount accrues interest at a rate of 10% per annum. If an Event of Default occurs, the interest rate increases to the lesser of 18% per annum or the highest rate permitted by applicable law.
The principal amount, including accrued interest, is due on January 15, 2027. However, the Lender has the right to extend the maturity date in three-month increments until December 31, 2028. The Company’s obligations under the agreement are secured by a continuing security interest in substantially all of its assets, including accounts, inventory, certain deposits, intellectual property, and equity ownership of its subsidiaries.
In other business, the Company held its 2026 Annual Meeting of Stockholders on November 10, 2026. The results of the voting included the election of Class I directors Michael Pompeo and James Flanagan, the ratification of Somekh Chaikin as the independent registered public accounting firm, and the approval of a reverse stock split amendment. The amendment allows the board of directors to effect a reverse stock split at a ratio between one-for-two and one-for-thirty at any time following approval and prior to the one-year anniversary.
