Cyber App Solutions (Proton Green) Foreclosure Deferred to July
May 27
1 min read
Cyber App Solutions, the OTC-listed parent of Proton Green, operator of the 170k acre-acre St. Johns helium and CO2 field in Arizona filed an 8-K disclosing that it has agreed with investors Kips Bay Select and Cyber One to defer a foreclosure auction originally set for 2 June 2026 to 7 July 2026, unless a settlement of its November 2023 convertible notes is reached first. The company says it continues to evaluate options and will engage further with the investors, but offers no assurance on the outcome of the discussions or the foreclosure process. Proton Green has never scaled production materially or achieved its long-planned Nasdaq uplisting since going public in 2023.