Form 8-K - Current report

 

 

 

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 [phone]

 

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 2^nd or 3^rd 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

 

Cover	Sep. 25, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 25, 2023
Entity File Number	000-56264
Entity Registrant Name	CYBERLOQ TECHNOLOGIES, INC.
Entity Central Index Key	0001437517
Entity Tax Identification Number	26-2118480
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	4837 Swift Road Suite 210-1
Entity Address, City or Town	Sarasota
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	34231
City Area Code	612
Local Phone Number	961-4536
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock
Trading Symbol	CLOQ

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