Thursday, December 01, 2022 5:41:05 PM
We will continue to maintain this as a management tool, particularly given the projected growth we have for years to come. This tool has been exercised once in 17 years as an instrument in our Operation Alpha initial funding in 2021.
These efforts have propelled us to create a $150 million pipeline for 2023. For our shareholders, we committed to reducing our Authorized Share level from 20B to 7B to remove any concerns of Series B dilution.
Quick update: Our Series B were created as a protective management tool against unwanted takeover efforts and/or hostile actions given our industries, markets and competitors.
— Cyberlux Corporation - $CYBL (@CyberluxC) December 1, 2022
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