Cyberlux Corporation (OTCPK:CYBL) acquired Kreatx SHPK on December 27, 2021. The transaction comprised of both shares of common stock valued between $0.020 and $0.25, and a cash component paid out over a one-year earnout period, with certain equity incentives for continued revenue growth levels, project implementation milestones, and technology and intellectual property development objectives. Kreatx joins Cyberlux with a staff of 38, including 30 software development and customer support engineers. The new team will be fully integrated in Cyberlux and the key new leadership roles for the business unit will also be announced very early in 2022. With this transaction, Kreatx will add to the foundation of the Cyberlux Infrastructure Software Solutions (Cyberlux ISS) business unit and advance the Cyberlux strategy for its new Cyberlux Digital Software Platform, a core business grow strategy in 2022.

Cyberlux Corporation (OTCPK:CYBL) completed the acquisition of Kreatx SHPK on December 27, 2021.