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Cyberlux Corporation Issues Monthly Recap with Key Accomplishments for the Month of October 2021
Cyberlux Corporation Issues Monthly Recap with Key Accomplishments for the Month of October 2021.
About this update from Cyberlux Corp.
[{"type":"text","content":"Company provides Shareholders and Investors with key updates and milestones that were achieved during October 2021RESEARCH TRIANGLE PARK, NC / ACCESSWIRE / November 4, 2021 / Today, Cyberlux Corporation, (OTC Bulletin Board:CYBL), an advanced technology platform company and a leading provider of LED lighting, renewable energy and infrastructure technology, and advanced unmanned aircraft systems (UAS) solutions, provided an update on the Company's key accomplishments during the month of October 2021.Cyberlux Corporation CEO Mark Schmidt stated:"Dear CYBL Community, we really exceeded our expectations for October, which was a exceptional month by all measures. We announced new funding, two acquisitions, a fantastic personnel addition, and great revenue results for the month. Here's a quick recap of what transpired:We achieved our highest revenue month ever of $1,917,875 in October, exceeding our October projections of $1,000,000. In addition, our year-to-date revenue through October is $4,096,581, also exceeding our projected year-to-date revenue of $3,000,000.We announced $4,500,000 in funding from California-based RB Capital Partners, Inc. to accelerate the Company's growth plans across our FlightEye UAS Solutions, Advanced Lighting Solutions, Infrastructure Technology Solutions and Infrastructure Software Solutions business units. RB Capital and Cyberlux structured the funding as a premium-to-market fixed-price convertible note that can only convert to common stock at $0.25 per share, a significant premium to the stock's current price of ~$0.046 per share. This debt is obligatorily convertible on or before the 24-month maturity date in October 2023. Further, RB Capital is prepared to provide up to an additional $10,500,000 in further funding on the same terms as the share price continues to reflect Cyberlux Corporation's growth.We announced that United States Government expert and Department of Justice / Department of State veteran Ms. Cheri Nolan and Strikepoints Consulting, LLC has joined the Company as a Strategic Advisor on our government business development across the four business units, including FlightEye UAS Solutions, Advanced Lighting Solutions, Infrastructure Technology Solutions and Infrastructure Software Solutions. With over 40 years of executive experience, Ms. Nolan has had a very distinguished career, se...