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CYBERLOQ TECHNOLOGIES, INC.

(CLOQ)
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CYBERLOQ TECHNOLOGIES, INC. : Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities (form 8-K)

06/25/2021 | 03:03pm EST

Item 1.01 - Entry into a Material Definitive Agreement.

On June 25, 2021, the board of directors of Cyberloq Technologies, Inc. (the "Company") approved the creation of an advisory board to advise the Company as it moves forward with its business strategy (the "Board of Advisors"). The Board of Advisors will not have decision-making authority, which will remain with the Company's board of directors and officers.

Five individuals, Shawn Watts, Joe Lind, John Meraviglia, Noel Smith, and Aaron Carpenter, have been appointed to the Board of Advisors. Each member of the Board of Advisors will initially serve a one-year term and receive 250,000 shares of the Company's common stock as compensation for their service on the Board of Advisors. In addition, the members of the Board of Advisors have the opportunity to earn up to 750,000 additional shares of common stock upon the achievement of yet to be agreed upon technology milestones or successful customer contracts, the specific milestones which will be negotiated by the Company's officers.

Item 3.02 - Unregistered Sales of Securities.

The information required by this Item 3.02 is included under Item 1.01 of this Current Report on Form 8-K.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2020 0,02 M - -
Net income 2020 -0,98 M - -
Net Debt 2020 0,19 M - -
P/E ratio 2020 -3,69x
Yield 2020 -
Capitalization 10,5 M 10,5 M -
EV / Sales 2019 75,9x
EV / Sales 2020 197x
Nbr of Employees 3
Free-Float 64,9%
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Managers and Directors
Christopher Jackson President, CEO, COO, CFO, Secretary & Treasurer
Mark Carten Director & Chief Technology Officer
Enrico Giordano Director & Vice President
Rex S. Schuette Director
Leon Hurst Director