UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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+41
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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:
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
As used in this Current Report on Form 8-K (this “Report”), and unless otherwise indicated, the terms “CYAP,” “the Company,” “we,” “us” and “our” refer to Cyber Apps World Inc.
Item 8.01 Other Events.
On January 11, 2024, the Company’s subsidiary, CYAP Oil, LLC, successfully bid at auction for a 5% royalty interest in a package of seven (7) producing oil wells located in the Eagle Ford Shale, Lavaca County, Texas. This represents the Company’s first transaction in the U.S. energy production and development sector and constitutes a shift in the Company’s focus away from software development to identifying and acquiring opportunities in the U.S. energy production and development sector. The transaction is expected to close on or about January 17, 2024.
The Company disclosed that it expects to complete additional acquisitions of this kind in the near future.
On January 16, 2024, the Company issued a press release providing stockholders and the investment community with information on the recent transaction.
A copy of the press release is filed as Exhibit 99.1 to this Report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| CYBER APPS WORLD INC. |
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Date: January 16, 2024 | By: | /s/ Luca Benedetto |
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| Luca Benedetto President |
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EXHIBIT 99.1
CYBER APPS WORLD INC. ANNOUNCES PURCHASE OF ROYALTY INTERESTS
IN EAGLE FORD SHALE PRODUCING OIL WELLS
LUGANO, Switzerland
January 16, 2024
Cyber Apps World Inc. (OTC: CYAP) ("CYAP" or the "Company") (website: https://www.cyap.info) is pleased to announce that the Company’s subsidiary, CYAP Oil, LLC, has successfully bid at auction for a 5% royalty interest in a package of seven (7) producing oil wells located in the Eagle Ford Shale, Lavaca County, Texas (the “Acquisition”).
This is the Company’s first transaction in the U.S. energy production and development sector and constitutes a shift in the Company’s focus away from software development to identifying and acquiring opportunities in the U.S. energy production and development sector. The Acquisition is expected to close on or about January 17, 2024.
The Company intends to complete additional acquisitions of this kind in the near future.
Forward-Looking Statements
This press release may contain statements that are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "anticipate," "assume," "believe," "estimate," "expect," "will," "intend," "may," "plan," "project," "should," "could," "seek," "designed," "potential," "forecast," "target," "objective," "goal," or the negatives of such terms or other similar expressions to identify such forward-looking statements. These statements relate to future events or SS Innovations International's future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
For more information:
Luca Benedetto, President and Treasurer
Email: [email protected]
Telephone: +1 (702) 789-0105
Website: https://www.cyap.info