Sekur Private Data Ltd. Announces Closing of Last Tranche of its Non-Brokered Private Placement Management and Insiders Participation at 30%
Rhea-AI Summary
Sekur Private Data (SWISF) has completed the final tranche of its non-brokered private placement, raising CA$237,106 through the issuance of 6,973,705 units at CA$0.034 per unit. Each unit consists of one common share and one warrant, with warrants exercisable at CA$0.055 for 24 months after closing.
Management and insiders demonstrated significant commitment with a 30% participation, as the CEO, CFO, and a Board Member collectively purchased 2,050,000 units. Research Capital Corp. received 200,000 broker warrants as finder's fees, with no cash or shares issued.
The proceeds will be allocated towards marketing Sekur's privacy communications solutions in the United States and general corporate purposes.
Positive
- Strong insider confidence demonstrated with 30% management participation
- No cash payment required for finder's fees, preserving capital
- Secured additional working capital of CA$237,106 for marketing and operations
Negative
- Dilutive financing at relatively low price of CA$0.034 per unit
- Additional potential dilution from warrant exercise at CA$0.055
The Company issued 6,973,705 units at a price of CA
The CEO, CFO and a Board Member participated with total purchase of 2,050,000 units in this placement.
Finders' fees of 200,000 broker warrants were paid to Research Capital Corp. in conjunction with this financing. No cash or shares were issued.
The Company intends to use the net proceeds of the Private Placement for the marketing of its Sekur privacy communications solutions in
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 cybersecurity and Internet privacy provider of Swiss hosted solutions for secure and private communications. The Company distributes a suite of encrypted e-mails, secure messengers and secure communication tools. Sekur sells its products through its own website, https://www.sekur.com, approved distributors and telecommunications companies worldwide. Sekur serves consumers and businesses 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.
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SOURCE Sekur
FAQ
What are the terms of SWISF's latest private placement closing?
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What are the finder's fees for SWISF's private placement?
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