# Cyber App Solutions Corp. — strategic_review/formal_alternatives [completed]
Source: SEC API (secapi.ai) · situation sit_524e1d24a3221edcec0b · retrieved 2026-08-11T16:13:06.097Z

## Overview
Cyber App Solutions Corp. is an industrial company with operations including the St. Johns Unit; it faces foreclosure proceedings initiated by secured creditors relating to substantially all of its assets.

On July 8, 2026, Paramount Helium LLC and Onfolio Holdings Inc. (ONFO, Nasdaq Capital Market) announced execution of a binding letter of intent for a strategic combination. Paramount intends to use proceeds from the Onfolio transaction to purchase the secured creditors' lien on CYRB's assets for $30 million, payable in three installments of $10 million over the next four months, thereby removing the foreclosure threat. Paramount has agreed to work with CYRB to equitize the debt upon completion of the debt acquisition. The transaction is subject to satisfactory completion of due diligence, negotiation of definitive agreements, financing arrangements, required third-party consents, and receipt of any required fairness opinions and approvals.

## Terms
- Counterparty: Paramount Helium LLC and Onfolio Holdings Inc. · Deal value: $30.0M · Consideration: cash

## Key dates
- Announced 2026-07-08 · Expiry 2026-08-04 · Expected close 2026-08-04 · Completed 2026-07-08

## Timeline
- 2026-07-08 · 8-K (0001851048-26-000011): 8-K - Cyber App Solutions Corp. — Cyber App Solutions Corp. entered into an agreement with Kips Bay Select LP and Cyber One, Ltd. on July 1, 2026, to adjourn a foreclosure sale from July 7, 2026 to August 4, 2026. The company continues to evaluate strategic alternatives and remains engaged in discussions with secured creditors regarding potential resolutions of its outstanding indebtedness, though no assurance is provided that these discussions will result in any transaction or resolution.
  https://www.sec.gov/Archives/edgar/data/1851048/0001851048-26-000011.txt
- 2026-07-08 · 8-K (0001851048-26-000013): 8-K - Cyber App Solutions Corp. — *Cyber App Solutions Corp. is an industrial company with operations including the St. Johns Unit; it faces foreclosure proceedings initiated by secured creditors relating to substantially all of its assets.* On July 8, 2026, Paramount Helium LLC and Onfolio Holdings Inc. (ONFO, Nasdaq Capital Market) announced execution of a binding letter of intent for a strategic combination. Paramount intends to use proceeds from the Onfolio transaction to purchase the secured creditors' lien on CYRB's assets for $30 million, payable in three installments of $10 million over the next four months, thereby removing the foreclosure threat. Paramount has agreed to work with CYRB to equitize the debt upon completion of the debt acquisition. The transaction is subject to satisfactory completion of due diligence, negotiation of definitive agreements, financing arrangements, required third-party consents, and receipt of any required fairness opinions and approvals.
  https://www.sec.gov/Archives/edgar/data/1851048/0001851048-26-000013.txt

## Citations
- 0001851048-26-000011 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000185104826000011
- 0001851048-26-000013 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000185104826000013