TEGO CYBER ANNOUNCES COMPLETION OF SALE OF REMAINING 40% INTEREST IN SUBSIDIARY TO INTRUSION INC.
LAS VEGAS, NV / ACCESS Newswire / September 8, 2026 / - Tego Cyber Inc. (OTCID: TGCB) ("Tego") today announced the completion of the sale of the remaining 40% ownership interest in OW Cyber LLC ("OWC") to Intrusion Inc. (NASDAQ: INTZ) ("Intrusion"). Intrusion now owns 100% of OWC and Tego has completely divested its cybersecurity business.
The completion of this transaction enables Tego to move forward with a strengthened and streamlined balance sheet, eliminates the ongoing capital commitments attached to commercializing a start up cybersecurity company while ensuring continued participation in the future success through stock ownership in Intrusion.
The sale of OWC to Intrusion delivers the following benefits to Tego shareholders:
• Full Realization of Transaction Proceeds - With both closings complete, Tego has received all upfront cash and stock consideration contemplated under the transaction, which Tego has used to satisfy legacy indebtedness and strengthen its balance sheet.
• Continued Upside Through the Earnout & Share Ownership - Despite divesting its ownership stake, Tego retains participation in OWC's future growth through the earnout structure and its ownership of Intrusion stock. Tego is now one of the largest shareholders of Intrusion.
• Complete Transition of Ongoing Capital Requirements - Intrusion now assumes full responsibility for OWC's operations, including personnel, product development, and working capital needs, freeing Tego from further capital obligations related to the cybersecurity business.
Tego is now positioned to allocate its financial and management resources to new strategic opportunities with the focus of creating sustainable long-term shareholder value.
Management will provide additional information on Tego's new initiatives as they progress.
To review past press releases please visit: www.otcmarkets.com/stock/TGCB/news
About Tego Cyber Inc.
Tego Cyber Inc. is a publicly traded company focused on creating long-term shareholder value through disciplined capital allocation, strategic transactions and the pursuit of attractive growth opportunities. Following the completion of the sale of OW Cyber LLC to Intrusion Inc, Tego is evaluating initiatives with the main focus to strengthen long-term growth profile while creating a renewed commitment to transparency, sound governance and shareholder interests.
Forward-Looking Statements
The statements contained in this press release, those which are not purely historical or which depend upon future events, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements regarding the Company's expectations, hopes, beliefs, intentions or strategies regarding the future constitute forward-looking statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. All forward-looking statements included in this press release are based on information available to the Company on the date hereof and the Company assumes no obligation to update any such forward-looking statement. Prospective investors should also consult the risk factors described from time to time in the Company's reports and other public disclosures.
Contact:
Tego Cyber Inc.
8565 S Eastern Avenue, Suite 150
Las Vegas, Nevada 89123
USA
Tel: 855-939-0100 (North America)
Tel: +1 725-726-7840 (International)
Email: info@tegocyber.com
Web: tegocyber.com
Facebook: facebook.com/tegocyber
LinkedIn: linkedin.com/company/tegocyber
X/Twitter: twitter.com/tegocyber
LAS VEGAS, NV / ACCESS Newswire / September 8, 2026 / - Tego Cyber Inc. (OTCID: TGCB) ("Tego") today announced the completion of the sale of the remaining 40% ownership interest in OW Cyber LLC ("OWC") to Intrusion Inc. (NASDAQ: INTZ) ("Intrusion"). Intrusion now owns 100% of OWC and Tego has completely divested its cybersecurity business.
The completion of this transaction enables Tego to move forward with a strengthened and streamlined balance sheet, eliminates the ongoing capital commitments attached to commercializing a start up cybersecurity company while ensuring continued participation in the future success through stock ownership in Intrusion.
The sale of OWC to Intrusion delivers the following benefits to Tego shareholders:
• Full Realization of Transaction Proceeds - With both closings complete, Tego has received all upfront cash and stock consideration contemplated under the transaction, which Tego has used to satisfy legacy indebtedness and strengthen its balance sheet.
• Continued Upside Through the Earnout & Share Ownership - Despite divesting its ownership stake, Tego retains participation in OWC's future growth through the earnout structure and its ownership of Intrusion stock. Tego is now one of the largest shareholders of Intrusion.
• Complete Transition of Ongoing Capital Requirements - Intrusion now assumes full responsibility for OWC's operations, including personnel, product development, and working capital needs, freeing Tego from further capital obligations related to the cybersecurity business.
Tego is now positioned to allocate its financial and management resources to new strategic opportunities with the focus of creating sustainable long-term shareholder value.
Management will provide additional information on Tego's new initiatives as they progress.
To review past press releases please visit: www.otcmarkets.com/stock/TGCB/news
About Tego Cyber Inc.
Tego Cyber Inc. is a publicly traded company focused on creating long-term shareholder value through disciplined capital allocation, strategic transactions and the pursuit of attractive growth opportunities. Following the completion of the sale of OW Cyber LLC to Intrusion Inc, Tego is evaluating initiatives with the main focus to strengthen long-term growth profile while creating a renewed commitment to transparency, sound governance and shareholder interests.
Forward-Looking Statements
The statements contained in this press release, those which are not purely historical or which depend upon future events, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements regarding the Company's expectations, hopes, beliefs, intentions or strategies regarding the future constitute forward-looking statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. All forward-looking statements included in this press release are based on information available to the Company on the date hereof and the Company assumes no obligation to update any such forward-looking statement. Prospective investors should also consult the risk factors described from time to time in the Company's reports and other public disclosures.
Contact:
Tego Cyber Inc.
8565 S Eastern Avenue, Suite 150
Las Vegas, Nevada 89123
USA
Tel: 855-939-0100 (North America)
Tel: +1 725-726-7840 (International)
Email: info@tegocyber.com
Web: tegocyber.com
Facebook: facebook.com/tegocyber
LinkedIn: linkedin.com/company/tegocyber
X/Twitter: twitter.com/tegocyber