Scryb Announces Private Placement

April 1, 2024 TORONTO: Scryb Inc. has arranged a non-brokered private placement financing for gross proceeds of up to $1.5-million through the issuance of up to 60 million units in the capital of the company at a price of 2.5 cents per unit. Each unit shall be composed of one common share in the capital of the company and one whole common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of five cents per common share until the date that is 18 months from the date of issuance. Gross proceeds raised from the offering will be used for working capital and general corporate purposes.

Closing of the offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

About Scryb Inc.

Scryb develops and productizes emerging technologies and builds disruptive, high-growth businesses. Scryb's team identifies high-potential applications and its expert operators apply its proven technology development platform to rapidly scale growth. Scryb's most recent successes include exciting early-stage companies like cybersecurity company Cybeats Technologies (CSE: CYBT) which Scryb maintains an approximate 65-per-cent ownership, as well as ventures in the fields of applied artificial intelligence, digital health, medical devices and biotech.