CyberloQ Restructures Convertible Debt and Authorizes 200M New Non-Voting Shares
CLOQ has more than doubled off its 52-week low of $0.072 on elevated volume (3.9× avg).
Summary
CyberloQ restructured all convertible notes, converting accrued interest to shares at $0.10 and eliminating prior conversion rights, while authorizing 200M new non-voting Class B shares.
Key Events · Financing and Capital Events · CLOQ
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Convertible Debt Restructured
All convertible notes were amended, restated, and consolidated into Restated Notes with no ordinary interest from Sep 1 2026 to Sep 1 2028, maturity on Sep 1 2028, and 12% default interest thereafter.
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Interest Converts at $0.10
Accrued and unpaid interest through Aug 31 2026 converts to common stock at $0.10 per share, and all prior conversion rights under the old notes are waived and terminated.
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No Convertible Debt Remaining
Once the interest-conversion shares are issued, the company will have no outstanding convertible debt — a cleanup of the $3.06M convertible debt balance reported in the last 10-Q.
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200M New Non-Voting Shares Authorized
Article 3 Amendment authorizes 200,000,000 Class B Non-Voting Common shares, raising total authorized shares from 300,080,000 to 500,080,000. Class B shares have no voting, conversion, dividend, or liquidation rights.
Analysis · CLOQ · Technology
A meaningful cleanup is underway for a balance sheet that carried $3.06M in convertible debt as of the last 10-Q. CyberloQ has restructured its entire convertible debt stack, converting accrued interest into shares at $0.10 and eliminating all prior conversion rights. The company states it will have no outstanding convertible debt once the interest-conversion shares are issued. At the same time, the company authorized 200 million new Class B Non-Voting Common shares, increasing total authorized shares from 300 million to 500 million. The Class B shares carry no voting, conversion, dividend, or liquidation rights, and none were issued at this time. This is a capital-structure reset for a pre-revenue company with a going-concern warning and only $50K in cash as of the last quarterly report.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.4% of the 1070 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CLOQ was trading at $0.17 on OTC in the Technology sector, with a market capitalization of approximately $25.1M. The 52-week trading range was $0.07 to $0.45. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.