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Cybercatch Holdings Inc (2)
Symbol CYBE
Shares Issued 25,516,269
Close 2026-01-30 C$ 1.26
Market Cap C$ 32,150,499
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Cybercatch signs deal to acquire encryption technology

2026-02-02 11:55 ET - News Release

Mr. Sai Huda reports

CYBERCATCH ANNOUNCES ACQUISITION OF MULTI-AUTHORITY ATTRIBUTES-BASED ENCRYPTION, EXPANDS PRODUCT OFFERING TO BOOST CYBERSECURITY, MITIGATE RISK FROM AI AND QUANTUM DRIVEN CYBER ATTACKS AND DRIVE LARGE CYBERSECURITY SALES

Cybercatch Holdings Inc. has signed a definitive share exchange agreement to acquire Atriarch Inc. in order to obtain a multiauthority attributes-based encryption with revocation technology intellectual property and commercialize for immediate use cases, boost cybersecurity, mitigate risk from artificial intelligence and quantum driven cyberattacks, and drive large sales and revenues.

Cybercatch will acquire all issued and outstanding shares of Atriarch in exchange for 1.25 million common shares of Cybercatch at $2.00 per Cybercatch share.

Enterprises, whether corporate or government, continue to be breached with a hefty cost, with data being exfiltrated by bad actors even though data in motion and data at rest is encrypted using current encryption technology. For example, the average cost of a data breach in the United States exceeds $10-million (U.S.) per IBM's 2025 Cost of a Data breach report. Also, per the IBM report, the average total time to identify and contain a data breach globally is 241 days.

"This is not sustainable and with AI and quantum driven cyberattacks in the horizon, what is needed is innovative encryption for both data in motion and data at rest. What is needed is multiauthority attributes-based encryption with revocation support, so that it is one-to-many but with one-to-one encryption and instant revocation capability, and we have identified several immediate use cases in key sectors for this value proposition, and anticipate announcing several key partnerships shortly for the partners to licence and incorporate into their technology products," stated Sai Huda, chief executive officer, Cybercatch.

There are a number of immediate use cases in critical business sector for this multiauthority attributes-based encryption with revocation support. For example, in the public sector, emergency communications can now be encrypted with this innovative encryption and transmitted once but yet access can be granular for each recipient as to content and access can be revoked instantly for some if necessary, driving significant cost savings, boosting cybersecurity, and mitigating risk from AI and quantum driven cyberattacks.

Completion of the transaction is subject to customary closing conditions, including receipt of final approval from the TSX Venture Exchange. The Cybercatch shares to be issued upon closing of the transaction will be subject to certain contractual sale restrictions.

About Cybercatch Holdings Inc.

Cybercatch Holdings provides a proprietary, AI-enabled software-as-a-service (SaaS) solution that provides continuous compliance and cyber-risk mitigation to organizations in critical segments, so they can be safe from cyber threats. The Cybercatch platform focuses on solving the root cause of why cyberattacks are successful: security holes from control deficiencies. It first helps implement all mandated and necessary controls, then the platform automatically, and continuously tests the controls from three dimensions (outside-in, inside-out and social engineering) to find control failures so one can fix them promptly to stay compliant and safe from attackers.

We seek Safe Harbor.

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