Greenberg advises Cyren on USD 12.5 million registered direct offering of ordinary shares
Cyren announces USD 12.5 million registered direct offering of ordinary shares.
Cyren entered into securities purchase agreements with several institutional investors for the purchase and sale, in a registered direct offering, of 12 million of its ordinary shares at a purchase price of USD1.15 per share for net proceeds of USD 12.5 million.
The offering is expected to close on or about February 16, 2021, subject to satisfaction of customary closing conditions.
Greenberg Traurig advised Cyren on the registered direct offering, with the team comprising Joey Shabot(Managing Shareholder, Tel Aviv, Corporate), Katherine Beck (Shareholder, Phoenix, Corporate), Laurie Green(Shareholder Fort Lauderdale, Corporate), Ephraim Schmeidler (Of Counsel, Tel Aviv, Corporate) and Aaron Katz(Associate, Tel Aviv, Corporate).
NASDAQ-listed Cyren is a provider of email security and threat intelligence solutions, with more than 1.3 billion users around the world.
