07/30/2026 | Press release | Distributed by Public on 07/30/2026 12:22
Item 1.02 Termination of a Material Definitive Agreement.
On July 30, 2026, Cyber Enviro-Tech, Inc. (the "Company") completed the repayment in full, in cash, of an outstanding institutional loan obligation. As a result of the repayment, the related loan agreement has been fully satisfied and terminated, and the Company has no further obligations under the agreement.
The loan repaid consisted of a financing agreement with Eagle Equities, LLC, originally entered into in November 2025, with an original principal amount of $110,000.
The obligation was repaid entirely in cash using available corporate funds. No shares of the Company's common stock or other securities were issued in connection with the repayment of this obligation.
Including this repayment, the Company has eliminated in excess of $500,000 of institutional debt in 2026, reflecting management's continued effort to reduce high-cost institutional financing and strengthen the Company's capital structure as it advances its strategic growth initiatives.