Company: CLOQ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023235
Chunk: 7

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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 can be used in the banking system to protect debit/credit cards, in the health care industry to protect PII (Personal Identifying
Information) now that medical records are kept digitally, and can protect corporate data bases in any industry from outside intrusion
via geo-fencing. The Company believes that these distinct features, along with the ability to “White Label” the technology
for marketing partners, give the Company a distinction in the marketplace. However, there can be no assurance that we will be able to
successfully compete with other companies in the marketplace.

In
addition, the Company could incur increased costs, decreased revenue, or suffer reputational damage in the event of a cyber-attack. The
Company’s business involves the collection, storage, processing and transmission of customers’ personal data, including financial
information. In the event that the Company’s security measures are breached due to human error, malfeasance, system errors or vulnerabilities,
or other irregularities, such breach could adversely affect our business through possible interruption of the Company’s operations,
improper disclosure of data, damage to the Company’s reputation, and/or legal exposure.

Item
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

During
the first nine months of 2025, the Company raised $229,501 for the operations of the Company through the unregistered sale of 3,372,500
shares of restricted common stock.

All
of the shares described above were issued by the Company in reliance upon an exemption from the registration requirements of the Securities
Act of 1933, as amended, provided by Section 4(2). All of the purchasers of the unregistered securities were all known to us and our
management, through pre-existing business relationships, as long standing business associates, friends, and employees. All purchasers
were provided access to all public material information, which they requested, and all information necessary to verify such information
and were afforded access to our management in connection with their purchases. All purchasers of the unregistered securities acquired
such securities for investment and not with a view toward distribution, acknowledging such intent to us. All certificates or agreements
representing such securities that were issued contained restrictive legends, prohibiting further transfer of the certificates or agreements
representing such securities, without such securities either being first registered or otherwise exempt from registration in any further
resale or disposition.

ITEM
3. DEFAULTS UPON SENIOR SECURITIES

The
Company is not in default on