Item 5. Other Information
ITEM 5. OTHER INFORMATION.
During the fiscal quarter ended March 31, 2026, none of our officers or directors, as those terms are defined in Rule 16a-1(f), adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Item 408 of Regulation S-K.
Nasdaq Deficiency
On May 13, 2026, we received the Notice from the
Listing Qualifications Department of Nasdaq notifying us that we were not currently in compliance with Nasdaq Listing Rule 5450(b)(2)(A),
which requires listed securities to maintain an MVLS of $50 million.
According to the Notice, our MVLS had been below
$50 million for 30 consecutive business days from March 27, 2026 through May 12, 2026. In accordance with Nasdaq Listing Rule 5810(c)(3)(C),
we have been provided with a compliance period of 180 calendar days, or until November 9, 2026, to regain compliance with the minimum
MVLS requirement.
The Notice has no immediate effect on the listing
or trading of our common stock on the Nasdaq Global Market. If at any time during the compliance period our MVLS closes at $50 million
or more for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation that we have regained compliance with
the applicable requirement, and the matter will be closed.
If we do not regain compliance
with the Nasdaq Global Market continued listing requirements by November 9, 2026, and if we otherwise satisfy the applicable listing requirements
for the Nasdaq Capital Market, Nasdaq may permit our securities to remain listed on Nasdaq through a transfer of the listing of our securities
from the Nasdaq Global Market to the Nasdaq Capital Market. However, there can be no assurance that we will regain compliance with the
Nasdaq Global Market requirements or qualify for continued listing on the Nasdaq Capital Market.
12
ITEM
6. EXHIBITS
Exhibit
Description
Schedule/
Form
File
Number
Exhibit
File Date
2.1
Merger Agreement, as amended.
S-4/A
333-283153
2.1
January 13, 2026
3.1
Certificate of Incorporation of Cyabra, Inc.
8-K
001-43214
3.1
March 31, 2026
3.2
Bylaws of Cyabra, Inc.
S-4/A
333-283153
3.7
January 13, 2026
3.3
Certificate of Designation of Holdings relating to the Series A Convertible Preferred Stock.
8-K
001-43214
3.3
March 31, 2026
3.4
Certificate of Designation of Holdings relating to the Series B Convertible Preferred Stock.
8-K
001-43214
3.4
March 31, 2026
3.5
Certificate of Designation of Holdings relating to the Series C Convertible Preferred Stock.
8-K
001-43214
3.5
March 31, 2026
10.3
Form of Lock-up Agreement .
8-K
001-41668
10.3
July 23, 2024
10.4†
Cyabra, Inc. 2026 Omnibus Equity Incentive Plan.
8-K
001-43214
10.4
March 31, 2026
10.5†
Form of Incentive Stock Option Grant Agreement under the Cyabra, Inc. 2026 Omnibus Equity Incentive Plan.
S-4/A
333-283153
10.23
December 20, 2024
10.6†
Form of Non-Qualified Stock Option Grant Agreement under the Cyabra, Inc. 2026 Omnibus Equity Incentive Plan.
S-4/A
333-283153
10.24
December 20, 2024
10.7†
Form of Section 102 Restricted Stock Unit Agreement under the Cyabra, Inc. 2026 Omnibus Equity Incentive Plan.
8-K
001-43214
10.7
March 31, 2026
10.8†
Form of Restricted Stock Unit Agreement under the Cyabra, Inc. 2026 Omnibus Equity Incentive Plan.
S-4/A
333-283153
10.25
December 20, 2024
10.9†
Form of Restricted Stock Award Agreement under the Cyabra, Inc. 2026 Omnibus Equity Incentive Plan.
S-4/A
333-283153
10.26
December 20, 2024
10.10†
Form of Section 3(i) Option Grant Agreement under the Cyabra, Inc. 2026 Omnibus Equity Incentive Plan and 2026 Israeli Sub-Plan.
S-4/A
333-283153
10.27
December 20, 2024
10.11†
Form of Section 102 Option Grant Agreement under the Cyabra, Inc. 2026 Omnibus Equity Incentive Plan and 2026 Israeli Sub-Plan.
S-4/A
333-283153
10.28
December 20, 2024
10.12
Facility Agreement, dated May 30, 2022, between Cyabra and Bank Hapoalim B.M.
S-4/A
333-283153
10.31
January 13, 2026
10.13
Offer of Employment, dated December 29, 2022 by and between Cyabra Strategy Inc. and Emmanuel Heymann.
S-4/A
333-283153
10.36
January 13, 2026
10.14
Employment Agreement dated June 18, 2024 by and between Cyabra Strategy Ltd. and Yael Sandler.
S-4/A
333-283153
10.37
January 13, 2026
10.15
Amendment to Offer of Employment, by and between Cyabra Strategy Inc. and Emmanuel Heymann, dated August 15, 2024.
S-4/A
333-283153
10.38
January 13, 2026
10.16
Form of Indemnification Agreement.
S-4/A
333-283153
10.39
January 13, 2026
10.17
Registration Rights Agreement, dated March 27, 2026, between Trailblazer Holdings, Inc. and certain investors.
8-K
001-43214
10.19
March 31, 2026
10.18
Offer of Employment, dated February 10, 2025 by and between Cyabra Strategy Inc. and Dan Brahmy.
S-4/A
333-283153
10.40
January 13, 2026
10.19
Amendment to Employment Agreement dated February 10, 2025 by and between Yossef Daar and Cyabra Strategy Ltd.
S-4/A
333-283153
10.41
January 13, 2026
10.20
Amendment to Employment Agreement dated February 10, 2025 by and between Ido Shraga and Cyabra Strategy Ltd.
S-4/A
333-283153
10.42
January 13, 2026
10.21
Securities Purchase Agreement dated December 18, 2025, between Trailblazer Holdings, Inc. and certain purchasers.
S-4/A
333-283153
10.45
January 13, 2026
10.22
Registration Rights Agreement dated December 18, 2025, between Trailblazer Holdings, Inc. and certain purchasers.
S-4/A
333-283153
10.46
January 13, 2026
13
Exhibit
Description
Schedule/
Form
File
Number
Exhibit
File Date
10.23
Form of Common Stock Purchase Warrant.
8-K
001-43214
10.25
March 31, 2026
10.24
Deferred Fee Agreement, dated October 28, 2025.
8-K
001-41668
10.1
November 3, 2025
10.25
Amendment to Advisory Agreement, dated October 28, 2025.
8-K
001-41668
10.2
November 3, 2025
10.26
LifeSci Advisory Agreement, dated October 28, 2025.
8-K
001-41668
10.3
November 3, 2025
10.27
Ladenburg Advisory Agreement dated October 28, 2025.
8-K
001-41668
10.4
November 3, 2025
10.28
Note Issuance Agreement among Cyabra, Trailblazer Merger Corporation I, Trailblazer Holdings, Inc. and Lowenstein Sandler LLP.
S-4/A
333-283153
10.52
January 13, 2026
10.29
Note Issuance Agreement among Cyabra, Trailblazer Merger Corporation I, Trailblazer Holdings, Inc. and Loeb & Loeb LLP.
S-4/A
333-283153
10.53
January 13, 2026
10.30
Promissory Note, dated February 4, 2026.
8-K
001-43214
10.32
March 31, 2026
10.31
Promissory Note, dated March 9, 2026.
8-K
001-43214
10.33
March 31, 2026
10.32
Amendment to Employment Agreement, dated March 16, 2026, between Cyabra, Inc. and Yossef Daar.
8-K
001-43214
10.34
March 31, 2026
10.33
Amendment to Employment Agreement, dated March 16, 2026, between Cyabra, Inc. and Ido Shraga.
8-K
001-43214
10.35
March 31, 2026
10.34
Lock-up Agreement, dated March 27, 2026.
8-K
001-43214
10.36
March 31, 2026
31.1*
Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a)
31.2*
Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a)
32.1*
Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350
101.INS*
Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
101.SCH*
Inline XBRL Taxonomy Extension Schema Document
101.CAL*
Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*
Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*
Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE*
Inline XBRL Taxonomy Extension Presentation Linkbase Document
104*
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
*
Filed herewith.
**
The certifications furnished in Exhibit 32.1 hereto are deemed to accompany this Quarterly Report on Form 10-Q and will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be deemed to be incorporated by reference into any filing under such Act or the Securities Act of 1933, as amended, except to the extent that the registrant specifically incorporates such certifications by reference.
†
Annexes, schedules and exhibits to this Exhibit omitted pursuant to Item 601(a)(5) of Regulation S-K. The Registrant agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon request.
14
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Cyabra, Inc.
(Registrant)
Date: May 15, 2026
By:
/s/ Dan Brahmy
Dan Brahmy
Chief Executive Officer
(Principal Executive Officer)
Date: May 15, 2026
By:
/s/ Yael Sandler
Yael Sandler
Chief Financial Officer
(Principal Financial and Accounting Officer)
14
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.