Plurilock Sec Stock Price, News & Analysis

Plurilock (OTCQB: PLCKF) announced a one-year US$624,000 software and services contract with a large U.S. state law enforcement agency on November 3, 2025.

Under the agreement Plurilock will deliver software solutions and dedicated engineering support to strengthen the agency's security posture and protect sensitive law enforcement and public safety data. The customer is an existing Plurilock client and the state's largest employer of law enforcement officers and operator of correctional and parole systems.

Plurilock expects fulfillment costs and gross margins to be consistent with its historic Solutions and Professional Services businesses; detailed contract terms remain subject to confidentiality and non-disclosure.

Plurilock (OTCQB: PLCKF) closed a $3,000,000 non-brokered private placement on October 31, 2025 by issuing 3,000 debenture units at $1,000 per unit to a strategic investor.

Each unit includes a 10% unsecured convertible debenture (convertible at $0.23 until October 30, 2028) and 4,000 warrants exercisable at $0.25 until October 30, 2028. Interest on the debentures is 10% per annum, payable quarterly in cash, shares, or combination based on the 10-day VWAP, subject to TSXV policies. Conversion/exercise is limited to avoid >9.99% beneficial ownership.

The proceeds are earmarked to accelerate growth initiatives, expand Critical Services, and strengthen working capital. Securities are subject to TSXV approval and a statutory four-month plus one-day hold.

Plurilock (OTCQB: PLCKF) announced that company insiders, executives, directors and certain employees purchased a combined approximately 531,000 common shares on the open market on October 27, 2025. Insiders accounted for roughly 344,000 shares and employees about 187,000 shares.

The company said these purchases reflect broad-based confidence in Plurilock's long-term strategy as it focuses on expanding its Critical Services business, pursuing federal and commercial opportunities, and driving toward profitability. The CEO, Ian L. Paterson, commented on leadership commitment to shareholder value. All purchases complied with securities laws and insider trading policy; transaction details are available on SEDI.

Plurilock (OTCQB: PLCKF) provided a corporate update on October 9, 2025 outlining progress in defence-focused initiatives and Critical Services growth. The company established a dedicated federal capture team led by new CTO and Critical Services GM Michael Ruiz to pursue government cybersecurity contracts across the U.S., Canada, NATO and allied nations. Plurilock reported adding 3 new Critical Services customers, expanding work with 2 existing clients, and recording one of its strongest months for new business pipeline. The company secured repeat orders from U.S. and Canadian federal agencies. Management additions include Dr. Chase Cunningham to the Industry Advisory Council and equity awards totaling 600,000 options at $0.25 and 850,000 RSUs.

Plurilock Security (OTCQB:PLCKF) has appointed Michael Ruiz as Chief Technology Officer and General Manager of Critical Services, effective September 26, 2025. Ruiz, a cybersecurity veteran with over 20 years of experience from companies like Raytheon and Booz Allen Hamilton, will spearhead the company's margin expansion strategy.

The new executive brings significant expertise in cybersecurity, defense technology, and digital transformation, along with a background as a U.S. Army Signals Intelligence Analyst. His appointment aims to scale Plurilock's Critical Services business across North America and allied markets, focusing on large-scale public sector and defense opportunities.

Plurilock Security (OTCQB:PLCKF) has reported significant growth in its Critical Services division, securing three new customers and expanding relationships with two existing clients over the past 30 days. The company's Plurilock Critical Services (PLCS) portfolio has gained new engagements in incident response, security architecture, and data protection.

The initial 5-figure engagements are part of Plurilock's land-and-expand strategy, aimed at building trust for long-term partnerships. The company has also added over $10 million in new Critical Services pipeline, with many opportunities starting as seven-figure initial bids. Notably, Plurilock is now being invited to participate in larger opportunities, including NATO-aligned defense programs.

Plurilock Security (OTCQB: PLCKF) has announced the completion of efficiency initiatives expected to generate $2.7 million in annual cost savings. The cybersecurity services provider has implemented corporate streamlining measures following the divestiture of its CloudCodes business.

The company is adopting an AI-first approach in select departments and leveraging global talent in offshore delivery centers to improve efficiency. These measures, effective September 1, 2025, aim to reduce operating expenses, strengthen the balance sheet, and accelerate profitability while maintaining focus on its higher-margin Critical Services business.

Plurilock Security Inc. (OTCQB: PLCKF) has completed the sale of its CloudCodes assets to Scope Technologies Corp. for a total consideration of $1.78 million, comprising both cash and Scope common shares. The transaction, initially announced on August 20, 2025, includes the sale of Plurilock Security Private Limited and related CloudCodes business assets.

As part of the deal, Plurilock issued 200,000 common shares at $0.20 per share to Canaccord Genuity Corp. as a $40,000 advisory fee. The strategic divestiture aligns with Plurilock's focus on Critical Services and its commitment to serving enterprise, defense, and public sector clients in North America and allied markets.

Plurilock Security (OTCQB:PLCKF) has announced the sale of its CloudCodes business assets to Scope Technologies for total considerations of $1.78 million. The transaction includes $100,000 in cash and 4.2 million common shares of Scope Technologies.

The deal involves the sale of Plurilock Security Private Limited subsidiary and related CloudCodes assets, marking Plurilock's strategic shift from SME markets to focus on large enterprises, government, and Fortune 500 clients. The transaction is expected to close around September 15, 2025, subject to regulatory approvals.

Canaccord Genuity Corp. will receive an advisory fee of $40,000 in Plurilock common shares for the transaction.