{
  "id": 11413074,
  "title": "Cyberloq Technologies and Michigan Secure Capital form joint venture for cybersecurity",
  "url": "https://urgent.news/2026/10/02/cyberloq-technologies-and-michigan-secure-capital-form-joint-venture",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-02T10:12:58.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/sec-filings/cyberloq-technologies-and-michigan-secure-capital-form-joint-venture-for-cybersecurity-93CH-4929371"
  },
  "original_language": "en",
  "account": "Cyberloq Technologies and Michigan Secure Capital Group have formed a joint venture aimed at advancing cybersecurity solutions. The partnership, established on September 29, 2026, follows the signing of an operating agreement and is evidenced by a recent SEC filing. The venture, which holds an equal economic interest, will focus on the creation, integration, and commercialization of technology-driven products and services in the realm of cybersecurity, authentication, and compliance.\n\nCyberloq Technologies will contribute its Cyberloq® and Cyberloq Secure® technologies, which include mobile application technology, device registration, multi-factor authentication, biometric features, geolocation, geofencing, application programming interfaces, and support for their integration. Conversely, Michigan Secure Capital Group will contribute its expertise in management, technology development coordination, compliance oversight, financial infrastructure, and commercialization capabilities. The agreement stipulates that each party retains ownership of its intellectual property, subject to approval and licensing restrictions as dictated by the operating agreement.\n\nCyberloq Technologies has pledged to contribute 200,000,000 shares of its Class B Non-Voting Common Stock to the joint venture. Despite the venture's modest market capitalization of $18.44 million and a financial health rating of weak, as indicated by InvestingPro, the stock has experienced significant volatility, with a notable decrease of nearly 30% over the past week. The stock is currently trading at $0.13, reflecting an overvaluation according to InvestingPro’s Fair Value analysis, with a year-to-date decline of 40%. The agreement ensures that neither the venture nor Michigan Secure Capital Group can sell, pledge, or transfer these shares without prior written consent from Cyberloq Technologies. Failure to address a material breach by Michigan Secure Capital Group or the venture may result in Cyberloq requiring the reconveyance of the previously contributed shares. Michigan Secure Capital Group will oversee the operational management of the venture, with certain decisions requiring approval from Cyberloq Technologies.",
  "summary": null,
  "key_points": [
    "Cyberloq Technologies and Michigan Secure Capital form joint venture on September 29, 2026",
    "Cyberloq contributes Cyberloq® and Cyberloq Secure® technologies to venture",
    "Michigan Secure Capital provides management expertise and financial infrastructure"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}