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Scryb Inc. Provides Early Warning Update on Holdings In Cybeats Technologies Corp.

Scryb Inc. Provides Early Warning Update on Holdings In Cybeats Technologies Corp.

Yahoo09-08-2025
Toronto, Ontario--(Newsfile Corp. - August 8, 2025) - Scryb Inc. (CSE: SCYB) (OTC Pink: SCYRF) (FSE: EIY) ("Scryb") is issuing this release to report information concerning its holdings in Cybeats Technologies Corp. (the "Issuer"). This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids ("NI 62-104") and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103").
On August 5, 2025, Scryb acquired 9,788,450 common shares ("Common Shares") of the Issuer in settlement of $978,845 of debt, as part of a broader debt settlement transaction in which the Issuer issued a total of 15,000,000 Common Shares to settle $1,500,000 of outstanding debt (the "Debt Settlement").
Pursuant to National Instrument 45-102 - Resale of Securities, the Common Shares are subject to a four-month and one-day hold period commencing on the Closing Date.
As at the date of this press release, the Issuer reports having 192,880,745 Common Shares issued and outstanding.
Immediately prior to the completion of the Debt Settlement, Scryb owned or exercised control or direction over 64,643,500 Common Shares and 13,125,000 common share purchase warrants (the "Warrants") representing approximately 49.17% and 53.78% of the issued and outstanding Common Shares of the Issuer on an undiluted and partially diluted basis, respectively (based on 131,460,740 Common Shares outstanding prior to the completion of the Debt Settlement).
After completion of the Debt Settlement and accounting for the debenture conversions and brokered offering of the Issuer that closed on August 5, 2025 and August 7, 2025, respectively, Scryb owns or exercises control or direction over 74,431,950 Common Shares and 13,125,000 Warrants, representing approximately 38.59% and 42.50% of the issued and outstanding Common Shares of the Issuer on an undiluted and partially diluted basis, respectively (based on 192,880,745 Common Shares outstanding as of August 7, 2025).
The acquisition of the securities described above was completed for investment purposes. Depending on market and other conditions, Scryb may from time to time in the future increase or decrease the ownership, control or direction over securities of the Issuer, through market transactions, private agreements, or otherwise.
In satisfaction of the requirements of NI 62-103 and NI 62-104, an early warning report respecting the acquisition of securities by Scryb will be filed under the Issuer's SEDAR+ Profile at www.sedarplus.ca. To obtain a copy of the early warning report filed by Scryb, please contact Scryb at (647) 872-9982 or refer to SEDAR+ under the Issuer's issuer profile. The Issuer is located in 65 International Blvd, Suite 103, Etobicoke, Ontario, M9W 6L9, Canada, and Scryb is located in 65 International Blvd, Suite 103, Etobicoke, Ontario, M9W 6L9, Canada.
About Scryb Inc.
Scryb invests in and actively supports a growing portfolio of innovative and high-upside ventures across AI, biotech, digital health, and cybersecurity.
Contact:James Van Staveren, CEOPhone: 647-847-5543Email: info@scryb.ai
Forward-looking Information Cautionary Statement
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.
In particular, this press release contains forward-looking information relating to, among other things, the proposed Consolidation, including the record date, effective date and ratio thereof. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, included in this press release, the assumption that the Canadian Securities Exchange will not object to the proposed Consolidation and that the Consolidation will be completed as currently anticipated. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, that the Canadian Securities Exchange may object to the proposed Consolidation and use its discretion to prohibit the proposed Consolidation; that the Consolidation may not be completed by the Company; and that the board of directors of the Company retains discretion over the terms and implementation of the Consolidation. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this ‎press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261841
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affiliates 10 79 477 390 Income (loss) before income taxes 13,168 (2,833 ) (18,629 ) (45,537 ) (Benefit) provision for income taxes (2,302 ) 1,151 1,719 1,858 Net income (loss) $ 15,470 $ (3,984 ) $ (20,348 ) $ (47,395 ) Net income (loss) per common share: Basic $ 0.84 $ (0.22 ) $ (1.11 ) $ (2.61 ) Diluted $ 0.82 $ (0.22 ) $ (1.11 ) $ (2.61 ) Weighted average common shares outstanding: Basic 18,361 18,252 18,314 18,154 Diluted 18,940 18,252 18,314 18,154 CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands) June 29, 2025 June 30, 2024 ASSETS Cash and cash equivalents $ 22,664 $ 26,805 Receivables, net 75,383 79,165 Inventories 122,929 131,181 Income taxes receivable 5,429 164 Other current assets 9,222 11,618 Total current assets 235,627 248,933 Property, plant and equipment, net 172,923 193,723 Operating lease assets 7,879 8,245 Deferred income taxes 5,535 5,392 Other non-current assets 4,904 12,951 Total assets $ 426,868 $ 469,244 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $ 37,468 $ 43,622 Income taxes payable 49 754 Current operating lease liabilities 2,368 2,251 Current portion of long-term debt 12,159 12,277 Other current liabilities 18,899 17,662 Total current liabilities 70,943 76,566 Long-term debt 95,727 117,793 Non-current operating lease liabilities 5,614 6,124 Deferred income taxes 1,224 1,869 Other long-term liabilities 3,889 3,507 Total liabilities 177,397 205,859 Commitments and contingencies Common stock 1,836 1,825 Capital in excess of par value 74,095 70,952 Retained earnings 239,049 259,397 Accumulated other comprehensive loss (65,509 ) (68,789 ) Total shareholders' equity 249,471 263,385 Total liabilities and shareholders' equity $ 426,868 $ 469,244 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In thousands) For the Fiscal Year Ended June 29, 2025 June 30, 2024 Cash and cash equivalents at beginning of year $ 26,805 $ 46,960 Operating activities: Net loss (20,348 ) (47,395 ) Adjustments to reconcile net 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cash equivalents at end of year $ 22,664 $ 26,805 BUSINESS SEGMENT INFORMATION (Unaudited) (In thousands) Net sales and gross (loss) profit details for each reportable segment of UNIFI are as follows: For the Three Months Ended For the Fiscal Year Ended June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Americas $ 85,009 $ 91,004 $ 347,931 $ 344,256 Brazil 28,810 32,240 118,726 117,783 Asia 24,716 34,208 104,687 120,170 Consolidated net sales $ 138,535 $ 157,452 $ 571,344 $ 582,209 For the Three Months Ended For the Fiscal Year Ended June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Americas $ (5,342 ) $ 2 $ (20,217 ) $ (17,630 ) Brazil 1,316 5,612 16,027 14,755 Asia 2,897 5,177 12,608 19,491 Consolidated gross (loss) profit $ (1,129 ) $ 10,791 $ 8,418 $ 16,616 RECONCILIATIONS OF REPORTED RESULTS TO ADJUSTED RESULTS (Unaudited) (In thousands) EBITDA and Adjusted EBITDA (Non-GAAP Financial Measures) The reconciliations of the amounts reported under U.S. generally accepted accounting principles ("GAAP") for Net income (loss) to EBITDA and Adjusted EBITDA are set forth below. For the Three Months Ended For the Fiscal Year Ended June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Net income (loss) $ 15,470 $ (3,984 ) $ (20,348 ) $ (47,395 ) Interest expense, net 1,942 1,931 8,632 7,726 (Benefit) provision for income taxes (2,302 ) 1,151 1,719 1,858 Depreciation and amortization expense (1) 6,018 6,850 25,064 27,513 EBITDA 21,128 5,948 15,067 (10,298 ) Transition costs (2) 10,585 — 13,485 — Gain on sales of assets (3) (35,807 ) — (40,103 ) — Restructuring costs (4) — — — 5,101 Adjusted EBITDA $ (4,094 ) $ 5,948 $ (11,551 ) $ (5,197 ) (1) Within this reconciliation, depreciation and amortization expense excludes the amortization of debt issuance costs, which are reflected in interest expense, net. However, within the accompanying Condensed Consolidated Statements of Cash Flows, amortization of debt issuance costs is reflected in depreciation and amortization expense. (2) In fiscal 2025, UNIFI incurred various transition costs totaling $10,585 for the fourth quarter of fiscal 2025 and $13,485 for fiscal 2025 in connection with the consolidation of its yarn manufacturing operations including (i) facility closure and equipment relocation costs (including asset impairments and disposals) of $4,808 and $5,896, respectively, (ii) inventory write-downs of $1,924 and $2,923, respectively, (iii) excess fixed manufacturing costs of $1,058 and $1,638, respectively, and (iv) employee separation or retention costs of $1,347 and $1,580, respectively, and (v) forfeitures of deposits for texturing machinery of $1,448 and $1,448, respectively. The facility closure, equipment relocation, employee separation and retention costs, and forfeitures of deposits were all recorded within Restructuring costs and the inventory write-downs and excess fixed manufacturing costs were recorded within Cost of sales in the Condensed Consolidated Statements of Operations. (3) In the second quarter of fiscal 2025, UNIFI recorded a gain of $4,296 related to the sale of a warehouse located in Yadkinville, North Carolina. In the fourth quarter of fiscal 2025, UNIFI recorded a gain of $35,807 related to the sale of a manufacturing facility in Madison, North Carolina. (4) In the second quarter of fiscal 2024, UNIFI incurred severance costs of $2,351 in connection with the Profitability Improvement Plan in the U.S. and a loss of $2,750 related to the dissolution of a nylon joint venture. Adjusted Net Loss and Adjusted EPS (Non-GAAP Financial Measures) The tables below set forth reconciliations of (i) Income (loss) before income taxes ("Pre-tax Income (Loss)"), (ii) (Benefit) provision for income taxes ("Tax Impact"), (iii) Net income (loss) ("Net Income (Loss)") to Adjusted Net Loss, and (iv) Diluted Earnings Per Share ("Diluted EPS") to Adjusted EPS. Rounding may impact certain of the below calculations. For the Three Months Ended June 29, 2025 For the Three Months Ended June 30, 2024 Pre-tax Income (Loss) Tax Impact Net Income (Loss) Diluted EPS Pre-tax Loss Tax Impact Net Loss Diluted EPS GAAP results $ 13,168 $ 2,302 $ 15,470 $ 0.82 $ (2,833 ) $ (1,151 ) $ (3,984 ) $ (0.22 ) Transition costs (1) 10,585 — 10,585 0.56 — — — — Gain on sale of assets (2) (35,807 ) — (35,807 ) (1.89 ) — — — — Recovery of income taxes (3) — (893 ) (893 ) (0.05 ) — — — — Adjusted results $ (12,054 ) $ 1,409 $ (10,645 ) $ (0.56 ) $ (2,833 ) $ (1,151 ) $ (3,984 ) $ (0.22 ) Weighted average common shares outstanding 18,940 18,252 For the Fiscal Year Ended June 29, 2025 For the Fiscal Year Ended June 30, 2024 Pre-tax Loss Tax Impact Net Loss Diluted EPS Pre-tax Loss Tax Impact Net Loss Diluted EPS GAAP results $ (18,629 ) $ (1,719 ) $ (20,348 ) $ (1.11 ) $ (45,537 ) $ (1,858 ) $ (47,395 ) $ (2.61 ) Transition costs (1) 13,485 — 13,485 0.74 — — — — Gain on sales of assets (2) (40,103 ) — (40,103 ) (2.19 ) — — — — Recovery of income taxes (3) — (893 ) (893 ) (0.05 ) — — — — Restructuring costs (4) — — — — 5,101 — 5,101 0.28 Adjusted results $ (45,247 ) $ (2,612 ) $ (47,859 ) $ (2.61 ) $ (40,436 ) $ (1,858 ) $ (42,294 ) $ (2.33 ) Weighted average common shares outstanding 18,314 18,154 (1) In fiscal 2025, UNIFI incurred various transition costs totaling $10,585 for the fourth quarter of fiscal 2025 and $13,485 for fiscal 2025 in connection with the consolidation of its yarn manufacturing operations including (i) facility closure and equipment relocation costs (including asset impairments and disposals) of $4,808 and $5,896, respectively, (ii) inventory write-downs of $1,924 and $2,923, respectively, (iii) excess fixed manufacturing costs of $1,058 and $1,638, respectively, and (iv) employee separation or retention costs of $1,347 and $1,580, respectively, and (v) forfeitures of deposits for texturing machinery of $1,448 and $1,448, respectively. The facility closure, equipment relocation, employee separation and retention costs, and forfeitures of deposits were all recorded within Restructuring costs and the inventory write-downs and excess fixed manufacturing costs were recorded within Cost of sales in the Condensed Consolidated Statements of Operations. The associated tax impact was estimated to be $0 due to a valuation allowance against net operating losses in the U.S. (2) In the second quarter of fiscal 2025, UNIFI recorded a gain of $4,296 related to the sale of a warehouse located in Yadkinville, North Carolina. In the fourth quarter of fiscal 2025, UNIFI recorded a gain of $35,807 related to the sale of a manufacturing facility in Madison, North Carolina. The associated tax impact was estimated to be $0 due to a valuation allowance against net operating losses and capital losses in the U.S. (3) In fiscal 2025, following a favorable preliminary court injunction, UNIFI recorded a recovery of income taxes in connection with ICMS deductibility for Brazil's federal income tax return relating to the income taxes paid in prior fiscal years. (4) In the second quarter of fiscal 2024, UNIFI incurred severance costs of $2,351 in connection with the Profitability Improvement Plan in the U.S. and a loss of $2,750 related to the dissolution of a nylon joint venture. 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These non-GAAP financial measures include Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA"), Adjusted EBITDA, Adjusted Net (Loss) Income, Adjusted EPS, and Net Debt (together, the "non-GAAP financial measures"). EBITDA represents Net (loss) income before net interest expense, income tax expense, and depreciation and amortization expense. Adjusted EBITDA represents EBITDA adjusted to exclude, from time to time, certain adjustments necessary to understand and compare the underlying results of UNIFI. Adjusted Net (Loss) Income represents Net (loss) income calculated under GAAP adjusted to exclude certain amounts. Management believes the excluded amounts do not reflect the ongoing operations and performance of UNIFI and/or exclusion may be necessary to understand and compare the underlying results of UNIFI. Adjusted EPS represents Adjusted Net (Loss) Income divided by UNIFI's weighted average common shares outstanding. Net Debt represents debt principal less cash and cash equivalents. The non-GAAP financial measures are not determined in accordance with GAAP and should not be considered a substitute for performance measures determined in accordance with GAAP. The calculations of the non-GAAP financial measures are subjective, based on management's belief as to which items should be included or excluded in order to provide the most reasonable and comparable view of the underlying operating performance of the business. We may, from time to time, modify the amounts used to determine our non-GAAP financial measures. We believe that these non-GAAP financial measures better reflect UNIFI's underlying operations and performance and that their use, as operating performance measures, provides investors and analysts with a measure of operating results unaffected by differences in capital structures, capital investment cycles, and ages of related assets, among otherwise comparable companies. This press release also includes certain forward-looking information that is not presented in accordance with GAAP. Management believes that a quantitative reconciliation of such forward-looking information to the most directly comparable financial measure calculated and presented in accordance with GAAP cannot be made available without unreasonable efforts because a reconciliation of these non-GAAP financial measures would require UNIFI to predict the timing and likelihood of potential future events such as restructurings, M&A activity, contract modifications, and other infrequent or unusual gains and losses. Neither the timing nor likelihood of these events, nor their probable significance, can be quantified with a reasonable degree of accuracy. Accordingly, a reconciliation of such forward-looking information to the most directly comparable GAAP financial measure is not provided. Management uses Adjusted EBITDA (i) as a measurement of operating performance because it assists us in comparing our operating performance on a consistent basis, as it removes the impact of (a) items directly related to our asset base (primarily depreciation and amortization) and (b) items that we would not expect to occur as a part of our normal business on a regular basis; (ii) for planning purposes, including the preparation of our annual operating budget; (iii) as a valuation measure for evaluating our operating performance and our capacity to incur and service debt, fund capital expenditures, and expand our business; and (iv) as one measure in determining the value of other acquisitions and dispositions. Adjusted EBITDA is a key performance metric utilized in the determination of variable compensation. We also believe Adjusted EBITDA is an appropriate supplemental measure of debt service capacity, because it serves as a high-level proxy for cash generated from operations. Management uses Adjusted Net (Loss) Income and Adjusted EPS (i) as measurements of net operating performance because they assist us in comparing such performance on a consistent basis, as they remove the impact of (a) items that we would not expect to occur as a part of our normal business on a regular basis and (b) components of the provision for income taxes that we would not expect to occur as a part of our underlying taxable operations; (ii) for planning purposes, including the preparation of our annual operating budget; and (iii) as measures in determining the value of other acquisitions and dispositions. Management uses Net Debt as a liquidity and leverage metric to determine how much debt would remain if all cash and cash equivalents were used to pay down debt principal. In evaluating non-GAAP financial measures, investors should be aware that, in the future, we may incur expenses similar to the adjustments included herein. Our presentation of non-GAAP financial measures should not be construed as indicating that our future results will be unaffected by unusual or non-recurring items. Each of our non-GAAP financial measures has limitations as an analytical tool, and investors should not consider it in isolation or as a substitute for analysis of our results or liquidity measures as reported under GAAP. Some of these limitations are (i) it is not adjusted for all non-cash income or expense items that are reflected in our statements of cash flows; (ii) it does not reflect the impact of earnings or charges resulting from matters we consider not indicative of our ongoing operations; (iii) it does not reflect changes in, or cash requirements for, our working capital needs; (iv) it does not reflect the cash requirements necessary to make payments on our debt; (v) it does not reflect our future requirements for capital expenditures or contractual commitments; (vi) it does not reflect limitations on or costs related to transferring earnings from our subsidiaries to us; and (vii) other companies in our industry may calculate this measure differently than we do, limiting its usefulness as a comparative measure. Because of these limitations, these non-GAAP financial measures should not be considered as a measure of discretionary cash available to us to invest in the growth of our business or as a measure of cash that will be available to us to meet our obligations, including those under our outstanding debt obligations. Investors should compensate for these limitations by relying primarily on our GAAP results and using these measures only as supplemental information. Cautionary Statement on Forward-Looking Statements Certain statements included herein contain "forward-looking statements" within the meaning of federal securities laws about the financial condition and results of operations of UNIFI that are based on management's beliefs, assumptions and expectations about our future economic performance, considering the information currently available to management. An example of such forward-looking statements include, among others, guidance pertaining to our financial outlook. The words "believe," "may," "could," "will," "should," "would," "anticipate," "plan," "estimate," "project," "expect," "intend," "seek," "strive" and words of similar import, or the negative of such words, identify or signal the presence of forward-looking statements. These statements are not statements of historical fact, and they involve risks and uncertainties that may cause our actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition that we express or imply in any forward-looking statement. Factors that could contribute to such differences include, but are not limited to: the competitive nature of the textile industry and the impact of global competition; changes in the trade regulatory environment and governmental policies and legislation; the availability, sourcing, and pricing of raw materials; general domestic and international economic and industry conditions in markets where UNIFI competes, including economic and political factors over which UNIFI has no control; changes in consumer spending, customer preferences, fashion trends, and end-uses for UNIFI's products; the financial condition of UNIFI's customers; the loss of a significant customer or brand partner; natural disasters, industrial accidents, power or water shortages, extreme weather conditions, and other disruptions at one of our facilities; the disruption of operations, global demand, or financial performance as a result of catastrophic or extraordinary events, including, but not limited to, epidemics or pandemics; the success of UNIFI's strategic business initiatives; the volatility of financial and credit markets, including the impacts of counterparty risk (e.g., deposit concentration and recent depositor sentiment and activity); the ability to service indebtedness and fund capital expenditures and strategic business initiatives; the availability of and access to credit on reasonable terms; changes in foreign currency exchange, interest, and inflation rates; fluctuations in production costs; the ability to protect intellectual property; the strength and reputation of our brands; employee relations; the ability to attract, retain, and motivate key employees; the impact of climate change or environmental, health, and safety regulations; and the impact of tax laws, the judicial or administrative interpretations of tax laws, and/or changes in such laws or interpretations. All such factors are difficult to predict, contain uncertainties that may materially affect actual results and may be beyond our control. New factors emerge from time to time, and it is not possible for management to predict all such factors or to assess the impact of each such factor on UNIFI. Any forward-looking statement speaks only as of the date on which such statement is made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, except as may be required by federal securities laws. The above and other risks and uncertainties are described in UNIFI's most recent Annual Report on Form 10-K, and additional risks or uncertainties may be described from time to time in other reports filed by UNIFI with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended. View source version on Contacts Chris Hodges or Josh CarrollAlpha IR Group312-445-2870UFI@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Live Nation Entertainment To Participate In Bank Of America Securities Media, Communications & Entertainment Conference And Goldman Sachs Communacopia & Technology Conference
Live Nation Entertainment To Participate In Bank Of America Securities Media, Communications & Entertainment Conference And Goldman Sachs Communacopia & Technology Conference

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Live Nation Entertainment To Participate In Bank Of America Securities Media, Communications & Entertainment Conference And Goldman Sachs Communacopia & Technology Conference

LOS ANGELES, Aug. 20, 2025 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV), the world's leading live entertainment company, announced today that management will be presenting at Bank of America Securities Media, Communications & Entertainment Conference on Wednesday, September 3, 2025 at 7:30 a.m. PT and at Goldman Sachs Communacopia & Technology Conference on Tuesday, September 9, 2025 at 11:30 a.m. PT. A live webcast of both events will be accessible from the "News / Events" section of the company's website at About Live Nation EntertainmentLive Nation Entertainment (NYSE: LYV) is the world's leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts and Live Nation Media & Sponsorship. For additional information, visit View original content to download multimedia: SOURCE Live Nation Entertainment Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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