UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Class A Common Stock | CETI | OTCM |
Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company |
If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The Company has executed a facility agreement with Sustainable Capital PLC for a secured loan facility from them in amount of GBP 50 million (the “Green Bond”) from which the use of proceeds must be used to support CETI’s climate damage mitigating technologies. The agreement formalizes the trade announced by Sustainable Capital for this Green Bond on February 7, 2025 on Neter, the world’s first stock market quoted ecosystem for climate positive solutions, providing a platform for high-integrity carbon-based investments.
The facility agreement was executed by the Company’s wholly owned international subsidiary, Cyber International Cevresel Geri Donusum Hizmetleri, Limited, a limited company of Turkiye (Cyber International Environmental Recycling Services, Ltd. Company), who will manage CETI’s international operations with proceeds from the Green Bond in accordance with its required use.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CYBER ENVIRO-TECH, INC. | ||
By: | /s/ Kim D. Southworth | |
Date: February 28, 2025 | Name: | Kim D. Southworth, Chief Executive Officer |