Every event in the public record.
85 events drawn from court filings, securities disclosures, federal lobbying records, government procurement records, and contemporaneous reporting. Forward chronological.
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Cyberlux Acquires Catalyst Machine Works (a drone company)
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SIGNAL Chat between Mark Schmidt and a Cyberlux Consultant
“On our cost we’re $4700 for all materials plus labor and I’d like to add $2000 for $6700.\nPack + long range radio + long range FPV + controller + specialized drone + munitions container and Ignition control”
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Mark Schmidt and Cyberlux Consultant discuss commissions for sales
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Colonel Oleksandr Pavlenko signs an End User Certificate for 1000 Cyberlux drones with a combined value of $38,704,000.
Per Drone price is $38,704 each.
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Commander Andriy Mazalenko signs the End User Certificate for 1000 Cyberlux drones
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Cyberlux Demonstrates equipment in Ukraine
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Atlantic Wave sues Cyberlux and Mark Schmidt
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Deputy Minister of Defence Denis Sharapov issues Official Letter of Request to EUCOM/DOD
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OTC Markets Group places Cyberlux (CYBL) stock in a Caveat Emptor Status effectively halting public trading of the stock.
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Wall Street Journal publishes as article called “How a Penny-Stock Company Sold the Pentagon on Small Drones for Ukraine”
Subtitle “Cyberlux CEO’s trip to Kyiv helps short-circuit Defense Department’s lumbering procurement system”\n\nHII declined to comment on the article.\n\nDOD declined to comment on Cyberlux stock being in Caveat Emptor status.
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Cyberlux and Atlantic Wave Holdings settle lawsuit
Agreement includes an acceleration clause that requires Cyberlux to pay $5,000 per drone sold to Atlantic Wave. \n\nThis clause was made with the knowledge of the pending award for 2000 drones.
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HII Awards Cyberlux a FIRM FIXED PRICE contract for 2000 drones with a total value of $78.8m.
The primary contract vehicle is a Cost-Plus OASIS+ GSA Contract.\n\nThis results in a per drone cost of approximately $39,400.
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Cyberlux Bank Balance = $20,087.01
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Cyberlux Bank Balance = $2,297.01
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Cyberlux Receives $38,700,600 Advance Payment into main operating account per milestone “spending plan”
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Cyberlux Main Operating Account Balance = $38,702,897.01
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Cyberlux wires $3,000,000 to Art Barter Owner of Datron for from main operating account. Purpose – Acquisition of Datron
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Cyberlux / Mark Schmidt initiated a series of transfers from the main operating account totalling $1,371,786.35
Recipients are believed to include, Atlantic Wave Holdings, Schmidt, and a former HII Employee)
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Cyberlux wires $213,000 from Main Operating Account to Fletcher Jones Motorcars
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Phone Transfer of $187,500 from Main Operating Account authorized by Mark Schmidt
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Cyberlux announces the acquisition of Datron
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Deputy Minister of Defence Denis Sharapov is dismissed from his post as part of an inquiry into procurement corruption.
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$55,000 transfer to Charles Schwab from Main Operating Account
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Phone Transfer of $600,000 from Main Operating Account authorized by Mark Schmidt
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G2G Global LTD formed in UK by Carson John Tucker
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Member debit from Main Operating Account of $692,689.64
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Cyberlux Cash on hand = $16,893,524
$21,809,373.01 spent between September 8 and September 30
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Transfer of $850,000 from Main Operating Account to Mark Schmidt’s Edward Jones account.
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Wire Transfer of $994,460 from Main Operating Account to G2G Global LTD (UK company)
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Transfer of $6,000 transferred from Main Operating Account to Charles Schwab
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Transfer of $25,000 to Schmidt
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Atlantic Wave sues Cyberlux & Mark Schmidt for Breach of Settlement Agreement
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HII Issues Stop Work Order to Cyberlux
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Cyberlux Cash on Hand = $3,198,280
$ 35,504,617.01 Spent between September 8 and December 31\n\nCyberlux Annual Report for 2023 indicates that approximately $15m in drones were shipped under the HII subcontract.\n\nThe Annual Report also claims that $22,145,000 in advance payment remains.
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Transfer of $108,555,42 from Main Operating Account to Schmidt
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Transfer of $25,000 from Main Operating Account to Schmidt
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Transfer of $20,000 from Main Operating Account to Schmidt
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Transfer of $290,000 from Main Operating Account to Schmidt
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Legalist extended a $7M government purchase order financing facility to Cyberlux, secured by receivables under its government subcontract (i...
ncluding the HII contract), collateralized by all company assets, and personally guaranteed by Mark Schmidt.
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HII receives notification that Legalist has an instrument of assignment against the subcontract revenue and that HII must pay Legalist inste...
ad of Cyberlux
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Transfer of $50,000 from Main Operating Account to Schmidt
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Transfer of $25,000 from Main Operating Account to Holly Schmidt
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Transfer of $25,000 from Main Operating Account to Schmidt
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US Government Terminates for Convenience
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HII Terminates Cyberlux Contract for Convenience
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RB Capital Partners files breach of contract suit against Cyberlux Corporation in U.S. District Court, Southern District of California, Case...
3:24-cv-01434-AJB-DTF.\nComplaint alleges Cyberlux defaulted on convertible promissory notes totaling $5,686,960 — the same convertible debt vehicle that becomes the mechanism alleged in the federal indictment of RB Capital, Brett Rosen, and Deborah Braun in January 2026.\nThe civil suit is the documented predicate to the criminal case.
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Atlantic Wave Holdings files the Welter Declaration (Doc 29-1) in AWH v Cyberlux, 3:24-cv-00482 (S.D. Cal.), aggregating Schmidt-controlled...
transfers from the Cyberlux main operating account totaling $4,417,205.06.\nThe declaration is the first consolidated public accounting of the use-of-funds following the September 8, 2023 FMF advance and includes individually itemized wire and phone transfers to Schmidt personally, to Holly Schmidt, to Schmidt-controlled brokerage accounts (Edward Jones, Charles Schwab), to Fletcher Jones Motorcars, and to G2G Global LTD.\nFiling also attaches as Exhibit L the August 12, 2024 RB Capital Partners breach of contract complaint against Cyberlux (S.D. Cal. 3:24-cv-01434).
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HII files a Plea of Nonjoinder in a garnishment case against Cyberlux. In this filing HII stating HII is “unable to state the amount, if an...
y, that MT (HII) is indebted to Cyberlux”
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Cyberlux Defaults on the line of credit issued by Legalist
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Cyberlux releases 3rd quarter financial report revealing that the drone contract was terminated in May and confirming the contract was a Fir...
m Fixed Price Contract.
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Q4 2024 LD-2 filings — the final quarterly disclosures before SAM expiration:
1607 Strategies / Cyberlux filed January 17, 2025; JMH Group / Cyberlux filed January 21, 2025.\nFilings made approximately eight months after the contract termination. Cyberlux's System for Award Management (SAM) registration expires within days of these filings, rendering the company legally ineligible to receive federal contracts.
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Cyberlux's System for Award Management (SAM) registration expires. The company is legally ineligible to receive new federal contracts for th...
e duration of the lapse.\nLobbying continues throughout the lapse period. 2025 annual lobbying spend reaches $82,500 per OpenSecrets — the highest annual figure in the complete dataset, recorded in the year of legal ineligibility.
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Legalist Intervenes in Texas suit Atlantic Wave v Cyberlux & Mark Schmidt
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HII and Cyberlux execute Modification 4 to the subcontract effecting a Termination Settlement and agreeing to pay Cyberlux an additional $25...
.7m subject to conditions set forth.\nDocument is heavily redacted\n\nIncludes the following clause.\n\n9. Communications. Cyberlux shall not communicate with the U.S. Navy or the General Services Administration regarding the performance or termination of the Subcontract. HII shall be the sole point of contact for such communications with the U.S. Navy or the General Services Administration, including but not limited to communications regarding the Government Contracting Officer s review of the Agreement.
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Cyberlux Corporation evicted from its manufacturing facility in Spring, Texas. Eviction documented in the Texas receivership record and refe...
renced in subsequent interpleader filings.
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The ARG Group files suit against Cyberlux for non-payment of commissions owed. Claimed commission rate of 20% of the $15m worth drones ship...
ped ($3m approximately)
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Cyberlux placed in limited receivership in Texas
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Michael Sinensky of WeShield tweets that Cyberlux will pay $2.5m to WeShield for “getting it done” referring to the $78.8m HII Contract.
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Montague Capital Partners / Denis Montague files suit against Cyberlux for non-payment of wages and commissions owed. Specifically, Montagu...
e seeks payment of its 5% commission (more than $3.5m) for “brokering” the Ukraine Drone Contract from HII.
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HII files the Interpleader in Eastern District of Virginia
3:25-cv-00483-JAG
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HII receives final payment from the US Government of $23,012,114.64
This brings the total that HII is holding in for the interpleader to $25,769,369.03.
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WeShield files a motion to intervene in the HII Interpleader seeking a $2.5m payment from the settlement funds
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Fairwinds Technology intervenes in the Interpleader in EDVA claiming contingent/commission fees are owed from the contract funds in the amou...
nt of $2,348,542.\nSchmidt personally calculated this figure.
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Cyberlux evicted from the Datron World Communications facility in Vista, California. The eviction follows the limited Texas receivership and...
the company's effective loss of operating cash; Cyberlux's December 31, 2025 cash position is $326,958 against $64.1 million in current liabilities.
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Judge Gibney orders the interpleader to proceed and invites HII to submit a motion to deposit the funds with the court
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Federal indictment returned (under seal) by the August 2024 Grand Jury in the U.S. District Court, Southern District of California: United S...
tates v. Brett David Rosen et al., Case 3:26-cr-00192-DMS.\nDefendants: Brett David Rosen (aka Brett Hackspacher); Deborah Rachel Rosen (aka Deborah Rachel Braun); RB Capital Partners, Inc.\nCharges: Conspiracy to Commit Securities Fraud (18 U.S.C. § 371; 15 U.S.C. §§ 78j(b), 78ff; 17 C.F.R. § 240.10b-5); Conspiracy to Launder Monetary Instruments (18 U.S.C. § 1956(h)); Money Laundering (18 U.S.C. § 1957); Criminal Forfeiture (18 U.S.C. §§ 981(a)(1)(C) and 982(a)(1); 28 U.S.C. § 2461(c)).\nIndictment alleges a pattern of converting aged third-party debt purchased at face value into convertible notes at deep discounts to market (88% to 97% discount), then dumping the resulting shares while making public statements denying the dumping. Cyberlux ("CYBL") is one of the named issuers, alongside SOLAR (SIRC) and ILUS.
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Federal indictment unsealed in U.S. District Court, Southern District of California: United States v. Brett David Rosen et al., Case 3:26-cr...
-00192-DMS. Defendants: Brett Rosen, Deborah Rachel Braun (Rosen), RB Capital Partners, Inc.\nSame day, the U.S. Securities and Exchange Commission files parallel civil enforcement action: SEC v. Rosen, Braun, Massey, RB Capital Partners, Case 3:26-cv-00361-AJB-BJW (S.D. Cal.). Charges include violations of Securities Act Section 17(a) and Exchange Act Section 10(b) and Rule 10b-5. SEC complaint adds David M. Massey (former Solar CEO) as defendant. SEC seeks permanent injunctions, disgorgement, civil penalties, and penny-stock and officer-and-director bars.\nCyberlux (CYBL) is named as one of the issuers in the indictment's charged conduct. The indictment's factual section describes Rosen's December 2022 YouTube appearance with Schmidt and Rosen's February 18, 2023 X post denying share dumping while RB Capital had sold approximately $11.5 million of CYBL stock between October 2021 and November 2022.
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HII submits motion to deposit remaining funds
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Judge Gibney grants HII’s motion to deposit and discharges HII with prejudice
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Court ordered settlement conference to determine disbursement of funds to Cyberlux creditors.
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Cyberlux files FY2025 Annual Report with OTC Markets (signed by Schmidt and Downing).
First Cyberlux OTC filing to affirmatively confirm Texas receivership.\nReports $326,958 in cash; $26,423,622 in accounts receivable (the interpleader funds in EDVA registry); current liabilities of $64,146,374; multiple debt facilities in default.\nDatron purchase price allocation under ASC 805 deferred for the third consecutive year — the statutory one-year completion deadline expired September 16, 2024. The valuation underpinning $8.4M in intangible assets on the FY2025 balance sheet has never been finalised.\nSubsequent event disclosed: settlement of RB Capital Partners v. Cyberlux (S.D. Cal. 3:24-cv-01434) under which Cyberlux agreed to issue 290,357,500 shares of common stock in exchange for cancellation of the May 23, 2022 convertible promissory note, plus a new credit line at 8% per annum, secured by substantially all company assets, with conversion at $0.001 per share. This settlement is executed approximately two months after the federal indictment of the RB Capital principals; the indictment is not referenced in the disclosure.
Every event above is sourced to a public document. Citations identify the specific filing, exhibit, or release. The timeline updates as new events enter the public record.
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