Cyberlux Corporation (OTCPK : CYBL) acquired Catalyst Machineworks, LLC on March 30, 2022. The transaction comprised of both investment capital and a three year earn-out of shares of common stock with an expected value between $0.05 and $0.25, with the cash component being paid out over an eighteen month investment cycle, including certain equity incentives for continued revenue growth levels, technology and intellectual property development milestones, worldwide customer acquisition objectives and FlightEye solutions implementation milestones over the next four years.

Cyberlux Corporation (OTCPK : CYBL) completed the acquisition of Catalyst Machineworks, LLC on March 30, 2022.