Micro Cap Bid Up After Securing $4.5M In Financing

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, October 26, 2021

A North Carolina-based tech firm is seeing its shares bid up for the second day in a row after the company announced that it secured $4.5 million in new financing to accelerate the company’s ‘Operation Alpha’ growth plans. The micro cap secured the capital from California-based RB Capital Partners, Inc. ("RB Capital") to accelerate the Company's growth plans across all four of its business units: FlightEye UAS Solutions, Advanced Lighting Solutions, Infrastructure Technology Solutions and Infrastructure Software Solutions, according to the release. Shares of Cyberlux Corp. (OTCPK:CYBL) are bid up as we head into Tuesday’s open.

Cyberlux Corp is an advanced lighting technology company. It designs, develops and sells advanced lighting systems that utilize white, infrared (IR) and other light-emitting diodes (LEDs) as illumination elements. It serves Department of Defense (DoD), Commercial channels and Design Services customers.

Traders appear to be bullish on the news as shares are currently bid up at $0.0505/share (+9.78% implied open for sellers). This potential surge will come just one day after the stock ripped to close up at $0.046/share (+15.85%) on Monday.

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