Emission

Invitation to subscribe for Units in Cyber Security 1 AB

About Cyber Security 1

CYBER1 was established in 2015, seeking to bridge an identified gap in the relevant market by becoming an all-encompassing cyber security partner to leading private and public organizations. Through the acquisition of several leading regional companies in South Africa, Kenya and the United Arab Emirates, CYBER1 has been able to complement multiple years of client relationships and expertise with new and innovative technologies and solutions. Listing on Nasdaq Growth Market (Nasdaq: CYB1.ST), the Company has been able to demonstrate a strong and entrenched customer base, with a forward-thinking executive team and well experienced board. With these representatives in place CYBER1 is seeking to realise the true synergistic opportunities that are available for the Company, as outlined by the strong Q1 2021 results. CYBER1 conducts its operations through presences in Sweden, South Africa, United Arab Emirates, Kenya and the UK.

Cyber Security 1’s mission

CYBER1 sees itself as a leader in ensuring cyber security to authorities, organizations and companies in Africa, Europe and the Middle East. CYBER1’s mission is to be the obvious choice for global organizations in cyber security. CYBER1’s products and services strive to be comprehensive and able to be tailored into the different customers’ specific needs.

Use of proceeds

The use of proceeds from the Rights Issue will centre towards the settlement of the Company’s external subordinated debt derived from the reconstruction process that has now been concluded (see more below under section Company Reconstruction).

The total external subordinated debt amount, following the 75 percent write down through the compulsory composition agreement (Sw; offentligt ackord) that was adopted by the Stockholm District Court on 7 June 2021, amounts to approximately EUR 3,564,736 EUR (SEK 36,253,366) and is due for payment no later than June 2022.

Additional information about the offering

Market place: Nasdaq First North Growth Market.

Warrants of series 2021: Each warrant of series 2021 shall entitle to subscription of one (1) new share in the Company at a subscription price of 0.01 EUR. Subscription of shares by exercise of warrants shall be made in accordance with the terms for the warrants from and including 25 July 2022 to and including 8 August 2022. Shares and warrants are issued and allocated in the form of Units but, for clarity, the shares and warrants will upon registration of the Rights Issue with the Swedish Companies Registration Office (Bolagsverket) be separated and admitted to trading at Nasdaq First North as separate securities.

Announcement of the outcome of the offer: The outcome of the offer is expected to be published during week 29 2021, through a press release from CYBER1.

Payment date: 19 July 2021

Cyber Security 1 AB logotyp
  • IssuerCyber Security 1 AB
  • Subscription price0.01
  • CurrencyEUR
  • Subscription period jul 05 - jul 19 2021
  • Unit: One (1) Unit contains one (1) newly issued share and one (1) warrant of series 2021 issued free of charge
  • Rights Issue size: The Rights Issue comprise a maximum of 174,445,113 Units
  • Issue proceeds: Approximately EUR 1.74 million
  • Guarantee undertaking: The Rights Issue is to 100 percent covered by an external guarantee undertaking from Bullet Capital AG