Sekur Private Data Ltd. Announces Closing of Its Non-Brokered Private Placement
Rhea-AI Summary
Sekur Private Data Ltd. (OTCQB:SWISF), a Swiss hosted cybersecurity and privacy communications platform, has completed its non-brokered private placement, raising gross proceeds of CA$1,612,757.50 (approximately US$1,128,923.25).
The company issued 32,254,950 units at CA$0.05 per unit. Each unit consists of one common share and one full common share purchase warrant, with warrants exercisable at CA$0.05 for 48 months after closing. The company paid finder's fees totaling US$4,900 and CA$3,000 in cash, plus broker warrants.
The proceeds will be used for marketing Sekur's privacy communications solutions in the United States, Europe and Africa, and for general working capital purposes.
Positive
- Successfully raised CA$1.61M (US$1.13M) through private placement
- Warrants provide 48-month exercise period, offering extended funding flexibility
- Proceeds will support marketing expansion across multiple regions (US, Europe, Africa)
Negative
- Significant dilution with issuance of 32.25M new units at CA$0.05
- Low unit price of CA$0.05 indicates potential market concerns
- Additional dilution potential from warrant exercise and broker warrants
News Market Reaction
On the day this news was published, SWISF gained 21.18%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MIAMI, FL AND VANCOUVER, BC / ACCESS Newswire / June 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 release dated JUNE 18, 2025, the Company has closed its non-brokered private placement (the "Private Placement") for gross proceeds of CA
The Company issued 32,254,950 units at a price of CA
The Company paid cash finders fees of US
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, Europe and Africa, 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.com
www.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 private placement?
What is the exercise price and term for SWISF's new warrants?
How many units did Sekur Private Data issue in the private placement?
What will SWISF use the private placement proceeds for?
What finder's fees did Sekur pay for the private placement?
