21:25:18 EDT Mon 24 Aug 2026
Enter Symbol
or Name
USA
CA



Northpalm Capital Corp
Symbol NP
Shares Issued 47,028,402
Close 2026-08-24 C$ 0.13
Market Cap C$ 6,113,692
Recent Sedar+ Documents

Northpalm agrees to 12-month lock-up of Cybeats shares

2026-08-24 19:15 ET - News Release

Mr. James Van Staveren reports

NORTHPALM COMMITS ENTIRE CYBEATS POSITION TO A 12-MONTH LOCK-UP; 60 MILLION SHARES REPRESENTING APPROXIMATELY 30% OF CYBEATS

Northpalm Capital Corp. has committed to a 12-month lock-up of its entire remaining position of 60 million common shares of Cybeats Technologies Corp., representing approximately 30 per cent of Cybeats's outstanding shares.

Northpalm remains the largest institutional shareholder of Cybeats and is committed to maintaining a significant long-term ownership position in the company. The decision to lock up its entire position reflects Northpalm's continued confidence in Cybeats, its technology, market opportunity and long-term growth potential.

"We have completed the planned distribution in an orderly manner and are locking up our remaining 60-million-share position for the next year," said James Van Staveren, chief executive officer of Northpalm Capital. "This lock-up demonstrates our continued long-term support for Cybeats while providing greater share stability, and it allows Northpalm to maintain a meaningful equity interest as we focus on disciplined capital allocation and long-term value creation."

"Northpalm maintains a significant long-term investment in Cybeats and a disciplined investment strategy focused on long-term shareholder value," said Daniel Proska, president of Northpalm Capital. "Our focus is on executing that strategy consistently and building a company that both existing and prospective shareholders can have confidence in."

The lock-up follows the completion of Northpalm's previously disclosed control distribution pursuant to its Form 45-102F1 (Notice of Intention to Distribute Securities) filed on Aug. 14, 2026. Northpalm's remaining 60 million Cybeats common shares constitute the company's entire current position in Cybeats. Northpalm now holds in excess of $2.7-million in cash, further strengthening the company's financial position and providing significant balance sheet flexibility. The Form 45-102F1 is available under on SEDAR+.

About Northpalm Capital Corp.

Northpalm is a publicly traded, artificial-intelligence-augmented investment company dedicated to identifying high-growth opportunities in the technology and digital asset sectors. With a lean structure and disciplined approach, Northpalm focuses on investments with clear catalysts, asymmetric return potential and long-term value creation.

We seek Safe Harbor.

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