Cyberlux Corp (CYBL)

[LuLa]

As disclosed in the Q3 reporting, we opportunistically directed $3.9M into R&D to secure the new business pipeline. This required the reserved buyback capital for Q3 but we expect to resume a $2m to $4m per quarter buyback starting later this quarter, including private buybacks.
All of the 20.83M share blocks were a part of the Operation Alpha investment group that provided a $25k investment for each share block in June 2021 while we were re-invisioning Cyberlux as an acquisition company.
While some of the allocations by the TA happened later in 2022, they were all a part of the June 2021 Investment agreement.
As disclosed in our July 2021 letter to shareholders:
“Recently, the Company issued 600 million Strategic Restricted Shares to accelerate growth with strategic partnerships and joint ventures, targeted acquisitions, and specific international growth opportunities.
This recent Strategic Restricted Share increase is for strategic business purposes, both government-related and international opportunities, and will fuel the Company growth plans going forward.”
Using the capital from this investment, we were able to kickstart our efforts from near $0 revenue to the incredible results and pipeline that you see today.

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