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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)

10/12/2021 | 01:36pm EST

Item 1.01 - Entry into a Material Definitive Agreement.

On October 12, 2021, Cyberloq Technologies, Inc. (the "Company") entered into a Collaboration and Consulting Agreement with Pannovate Limited ("Pannovate"), a private limited company in the United Kingdom. Pursuant to the agreement, Pannovate will collaborate and consult with the Company to develop a "sandbox" - i.e., a development environment in order to integrate the Company's CyberloQ technology with Pannovate's existing omni-channel digital solutions for fintech, banks and businesses.

As compensation under the agreement, the Company will issue 50,000 shares of its common stock to Pannovate. Finally, the agreement contemplates that as the project moves forward a more detailed and comprehensive agreement will be entered into between the parties.

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.

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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 6,61 M 6,61 M -
EV / Sales 2019 75,9x
EV / Sales 2020 197x
Nbr of Employees 3
Free-Float -
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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