NorthPalm Commits Entire Cybeats Position to a 12-Month Lock-Up; 60 Million Shares Representing Approximately 30% of Cybeats
Rhea-AI Summary
NorthPalm Capital (CSE: NP) has committed to a 12‑month lock-up of its entire remaining position of 60,000,000 Cybeats Technologies (CSE: CYBT) shares, representing about 30% of Cybeats’ outstanding shares. The company has completed its planned control distribution and now holds over $2.7 million in cash, providing additional balance sheet flexibility.
Positive
- 12‑month lock-up on 60,000,000 Cybeats shares, about 30% of outstanding
- NorthPalm remains Cybeats’ largest institutional shareholder with a stated long-term focus
- NorthPalm holds in excess of $2.7 million in cash, increasing financial flexibility
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - August 24, 2026) - NorthPalm Capital Corp. (CSE: NP) ("NorthPalm" or the "Company"), is pleased to announce that it has committed to a 12-month lock-up of its entire remaining position of 60,000,000 common shares of Cybeats Technologies Corp. (CSE: CYBT) ("Cybeats"), representing approximately
NorthPalm remains the largest institutional shareholder of Cybeats and is committed to maintaining a significant long-term ownership position in the company. The decision to lock up its entire position reflects NorthPalm's continued confidence in Cybeats, its technology, market opportunity and long-term growth potential.
"We have completed the planned distribution in an orderly manner and are locking up our remaining 60 million share position for the next year," said James Van Staveren, CEO of NorthPalm Capital. "This lock-up demonstrates our continued long-term support for Cybeats while providing greater share stability, and it allows NorthPalm to maintain a meaningful equity interest as we focus on disciplined capital allocation and long-term value creation."
"NorthPalm maintains a significant long-term investment in Cybeats and a disciplined investment strategy focused on long-term shareholder value," said Daniel Proska, President of NorthPalm Capital. "Our focus is on executing that strategy consistently and building a company that both existing and prospective shareholders can have confidence in."
The lock-up follows the completion of NorthPalm's previously disclosed control distribution pursuant to its Form 45-102F1 Notice of Intention to Distribute Securities filed on August 14, 2026. NorthPalm's remaining 60,000,000 Cybeats common shares constitute the Company's entire current position in Cybeats. NorthPalm now holds in excess of
About NorthPalm Capital Corp.
NorthPalm (CSE: NP) is a publicly traded, AI-augmented investment company dedicated to identifying high-growth opportunities in the technology and digital asset sectors. With a lean structure and disciplined approach, NorthPalm focuses on investments with clear catalysts, asymmetric return potential, and long-term value creation. The Company's website is available at https://northpalm.ai/.
Contact:
James Van Staveren, CEO
Phone: 647-847-5543
Email: investors@northpalm.ai
Forward-Looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to, delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There can be no assurance that the Company's investment strategy, portfolio growth objectives, or other forward-looking plans will be realized as anticipated. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at https://www.sedarplus.ca/.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311045