CYBERLOQ TECHNOLOGIES, INC. (CLOQ) Form 8-K — Sep 16, 2026
On September 12, 2026, Cyberloq Technologies entered into amended, restated, and consolidated promissory notes with all holders of its convertible notes. Under the Restated Notes, the consolidated principal bears no ordinary interest from September 1, 2026 through September 1, 2028, is due and payable in cash on September 1, 2028, and carries a 12% per annum default rate thereafter if unpaid. Accrued and unpaid interest through August 31, 2026 is convertible into Cyberloq common stock at $0.10 per share, and once those interest-conversion shares are issued all other conversion rights under the prior notes are waived and terminated.
Key figures
- Maturity Date
- September 1, 2028
- Par value per share
- $0.001
- Default interest rate
- 12% per annum beginning September 2, 2028
- Interest holiday period
- September 1, 2026 through September 1, 2028
- Conversion price per share
- $0.10
- Series a preferred authorized
- 30000
- Series b preferred authorized
- 50000
- Class a voting common authorized
- 300000000
- Accrued interest conversion cuttoff
- August 31, 2026
- Class b nonvoting common authorized
- 200000000
AI analysis
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