Cyber Enviro-Tech, Inc. — Form S-1
Filed July 6, 2026 · analyzed by the Registration Agent
S-1
▼ Likely negative
significance 22/100
What the filing says
Cyber Enviro-Tech issued two convertible promissory notes totaling $200K actual purchase price ($210K principal with OID): Monroe Street Capital Partners, LP received $100K on March 17, 2026 and $50K on April 9, 2026; Lambda Ventures, LLC received $100K on March 20, 2026. Notes convert at lesser of $0.10/share or 70% of 20-day low, with 7% interest, 12-month maturity, and 150% default multiplier. Company also amended articles to create two special preferred series with 60% voting rights (both convertible only on change of control) and 4-year lockup on 200K Series A shares (expiring Dec 31, 2029). Auditor noted going-concern warning.
Why this rating
At $13.3M market cap, $200K financing is ~1.5% of company size—routine for micro-caps. However, aggressive note terms (dilutive conversion pricing, 150% default penalty, 20% proceeds sweep) and governance handcuff via 60% preferred voting control represent material structural risk despite small dollar magnitude.
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