Alarum Announces Closing of $4.25 Million Private Placement
14 Setembro 2023 - 9:30AM
Alarum Technologies Ltd.
(Nasdaq, TASE:
ALAR) (“Alarum” or the “Company”), a global provider of
enterprise and consumers internet access solutions, today
closed its previously announced private placement with the
participation of private investors in addition to the Company's
senior management, for gross proceeds of approximately $4.25
million.
The Company’s chairman of the board (the
“Chairman”), its chief executive officer (the “CEO”), and its chief
financial officer (the “CFO”), participated with more than $1.0
million in the private placement1.
The private placement consisted of 187,225
units, at a purchase price of $22.70 per Unit. Each unit consisted
of ten non-registered ADSs, for a price of $2.27 for each ADS, and
one non-registered and non-tradeable warrant, each exercisable into
three ADSs of the Company for $2.72 per ADS.
Think Equity LLC acted as Financial Advisor to
the Company in this transaction.
The securities issued
and sold in the private placement were not registered under the
Securities Act of 1933, as amended (the “Securities Act”), or any
state securities laws and may not be offered or sold in the United
States, except pursuant to an effective registration statement or
an applicable exemption from the registration requirements of the
Securities Act. The Company has agreed to file a registration
statement with the Securities and Exchange Commission registering
the resale of the ADSs issued in the private placement (the “Resale
Shares”).
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of the securities being offered in any state or other
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction. Any offering of
the Resale Shares under a resale registration statement will only
be by means of a prospectus.
About Alarum
Technologies Ltd.
Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) is
a global provider of enterprise internet access solutions.
The solutions by NetNut, our Enterprise Internet
Access arm, are based on our world’s fastest and most advanced and
secured hybrid proxy network, enabling our customers to collect
data anonymously at any scale from any public sources over the web.
Our network comprises both exit points based on our proprietary
reflection technology and hundreds of servers located at our ISP
partners around the world. The infrastructure is optimally designed
to guarantee privacy, quality, stability, and the speed of the
service.
For more information about Alarum and its
internet access solutions, please visit www.alarum.io.
Investor
Relations Contact
Michal Efraty+972-(0)52-3044404michal@efraty.com
1 The Chairman and CEO are using, in part, funds
loaned to them in a non-recourse loan, by the rest of the investors
in the private placement, other than the CFO. The Chairman’s and
CEO’s loans are secured by the American Depository Shares (the
“ADSs”) they already own and the ADSs they purchased in the private
placement.
Alarum Technologies (NASDAQ:ALAR)
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