Sekur Private Data Ltd. Announces Closing of First Tranche of its Non-Brokered Private Placement

Rhea-AI Summary

Sekur Private Data has successfully closed the first tranche of its non-brokered private placement, raising CA$105,000 in gross proceeds. The cybersecurity and privacy communications platform company issued 3 million units at CA$0.035 per unit.

Each unit consists of one common share and one full common share purchase warrant. The warrant holders can purchase an additional common share at CA$0.05 within 24 months of closing. No finder's fees were paid for this tranche.

The company plans to utilize the net proceeds for marketing its Sekur privacy communications solutions in the United States and general working capital purposes. Sekur operates as a Swiss-hosted platform and trades under the symbols SWISF (OTCQB), SKUR (CSE), and GDT0 (FRA).

Positive

• Successfully closed first tranche of private placement raising CA$105,000
• No finder's fees paid, maximizing capital efficiency

Negative

• Share dilution through issuance of 3,000,000 new units at CA$0.035
• Low unit price of CA$0.035 indicates potential undervaluation or distressed financing
• Additional dilution risk from warrants exercisable at CA$0.05 for 24 months

TORONTO, ON, MIAMI, FL, AND VANCOUVER, BC / ACCESS Newswire / April 30, 2025 / Sekur Private Data Ltd. (OTCQB:SWISF)(CSE:SKUR)(FRA:GDT0) ("Sekur" or the "Company"), a leading Swiss hosted cybersecurity and privacy communications platform, is pleased to announce that further to its news releases dated March 31, 2025, the Company has closed a first tranche of its non-brokered private placement (the "Private Placement") for gross proceeds of CA$105,000.

The Company issued 3,000,000 units at a price of CA$0.035 (the "Units") for gross proceeds of CA$105,000. Each Unit is comprised of one common share (each a "Common Share") in the share capital of the Company and one full common share purchase warrant (each a "Warrant"). Each full Warrant entitles its holder to purchase one additional common share at a price of CA$0.05 for a period of 24 months following the closing.

There were no Finders' fees paid for this tranche.

The Company intends to use the net proceeds of the Private Placement for the marketing of its Sekur privacy communications solutions in the United States, and for general working capital purposes.

To find out more about Sekur's privacy communications solutions visit: https://sekur.com
For more company information, please visit: https://sekurprivatedata.com

About Sekur Private Data Ltd.

Sekur Private Data Ltd. is a Swiss-hosted cybersecurity and privacy communications provider. offering a secure suite of tools to protect governments, businesses and individuals from unauthorized access and cyber threats. With solutions such as SekurMail, SekurMessenger, and SekurVPN, Sekur provides an accessible and reliable means of digital communication and data storage, grounded in Swiss privacy standards. Sekur sells its solutions through its website www.sekur.com, approved distributors and telecommunications companies globally. Sekur serves governments, businesses and consumers worldwide.

Follow Sekur on X @sekurprivate
LinkedIn: https://www.linkedin.com/company/sekurprivatedata-ltd

CONTACT
Alain Ghiai
President and Chief Executive Officer SEKUR PRIVATE DATA LTD.
Email: corporate@sekurprivatedata.comwww.sekurprivatedata.com
Tel: +1.305.347.5114

Forward-Looking Information

This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws ("forward-looking statements"). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "project" and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions "may" or "will" occur. These statements are only predictions. These statements reflect management's current estimates, beliefs, intentions and expectations; they do not guarantee future performance. Sekur cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material

factors, many of which are beyond Sekur's control. Such factors include, among other things: risks and uncertainties relating to the future of the Company's business; the success of marketing and sales efforts of the Company; the projections prepared in house and projections delivered by channel partners; the Company's ability to complete the necessary software updates; increases in sales as a result of investments software development technology; consumer interest in the Products; future sales plans and strategies; reliance on large channel partners and expectations of renewals to ongoing agreements with these partners; anticipated events and trends; the economy and other future conditions; and other risks and uncertainties, including those described in Sekur's prospectus dated May 8, 2019, filed with the Canadian Securities Administrators and available on www.sedarplus.ca. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Sekur undertakes no obligation to publicly update or revise forward-looking information.

SOURCE: Sekur Private Data Ltd.

View the original press release on ACCESS Newswire

FAQ

How much did Sekur Private Data (SWISF) raise in its April 2025 private placement?

Sekur Private Data raised CA$105,000 in the first tranche of its non-brokered private placement, issuing 3,000,000 units at CA$0.035 per unit.

What is the warrant exercise price for Sekur's (SWISF) April 2025 private placement?

Each warrant can be exercised at CA$0.05 per share for a period of 24 months following the closing of the private placement.

How will Sekur (SWISF) use the proceeds from its 2025 private placement?

Sekur will use the net proceeds for marketing its privacy communications solutions in the United States and for general working capital purposes.

What did investors receive in Sekur's (SWISF) April 2025 private placement units?

Investors received one common share and one full common share purchase warrant for each unit purchased at CA$0.035.

Were there any finder's fees paid in Sekur's (SWISF) April 2025 private placement?

No finder's fees were paid for this tranche of the private placement.