Plurilock Pays Debenture Interest with Common Shares
News related to:Plurilock Security Inc · 1 min read
Columbia, (Newsfile Corp. - September 30, 2026) - Plurilock Security Inc., a global cybersecurity service provider, has announced the payment of interest on its 10% unsecured convertible debentures through the issuance of common shares. The company issued 356,633 common shares at a deemed share price of $0.2103, equivalent to the volume-weighted average price of the company’s common shares for the ten trading days preceding the issuance. This action satisfied an aggregate of $75,000 in interest payable as of September 30, 2026.
The debentures, with a principal amount of $3,000,000, were issued on October 30, 2025, under an indenture between Plurilock and Odyssey Trust Company. The company’s decision to pay the interest in shares rather than cash is part of its ongoing strategy to manage its financial obligations in a manner that aligns with its corporate governance principles.
Plurilock, known for its services-led, product-enabled, AI-native cybersecurity solutions, serves Five-Eyes governments, NATO-aligned agencies, and Global 2000 enterprises. The company’s Critical Services division focuses on delivering operational resilience through unmatched expertise, proprietary intellectual property, and AI-driven playbooks. By opting to pay the interest through shares, Plurilock is demonstrating its commitment to maintaining financial flexibility while adhering to its strategic objectives.
This move by Plurilock underscores the company’s proactive approach to managing its financial obligations and maintaining a robust capital structure. The issuance of common shares to settle the interest payment is a common practice in the industry, allowing companies to retain cash and potentially benefit from the market performance of their stock.
In summary, Plurilock Security Inc. has successfully settled $75,000 in interest on its 10% unsecured convertible debentures by issuing 356,633 common shares at a deemed share price of $0.2103. This action aligns with the company’s broader financial management strategy and its commitment to serving critical infrastructure and safeguarding the systems that power modern life.