Form 8-K - Current report
28 September 2023 - 4:09AM
Edgar (US Regulatory)
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2023-09-25
2023-09-25
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
Current
Report
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported) September 25, 2023
CYBERLOQ
TECHNOLOGIES, INC.
(Exact
name of registrant as specified in its charter)
Nevada
(State
or other jurisdiction of incorporation)
| 000-56264 |
|
26-2118480 |
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
| 4837
Swift Road Suite 210-1, Sarasota, FL |
|
34231 |
| (Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code (612) 961-4536
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| Common
Stock |
|
CLOQ |
|
OTCQB |
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item
1.01. Entry into a Material Definitive Agreement.
On
September 25, 2023, Cyberloq Technologies, Inc., a Nevada corporation (the “Company”) entered into an agreement with QRails,
Inc. (“QRails”) to integrate the features of CyberloQ® and its multi-factor security protocol into QRails’ processing
platform. As a result of the integration, anyone who has their card processing services through QRails will have the option to utilize
the features of CyberloQ in conjunction with their card programs. The agreement also includes the integration of CyberloQ into the card
network of XTM, Inc., who acquired QRails in August of 2023.
The
integration is expected to move forward in multiple phases which will begin immediately. Completion of the integration is expected to
occur during the 2nd or 3rd quarter of 2024. The Company has agreed to make installment payments totaling $100,000
to QRails during the integration process for the costs of completing the integration. In addition, QRails has agreed to pay the Company
a minimum monthly API access fee of $5,000 per month for the next six months while the integration is ongoing.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
| |
CYBERLOQ
TECHNOLOGIES, INC.
(Registrant) |
| |
|
|
| |
By: |
/s/
Christopher Jackson |
| |
|
Christopher
Jackson, President |
| |
|
|
| Date:
September 27, 2023 |
|
|
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