Sekur Private Data announces private placement to raise CA$2 million

Sekur Private Data Ltd. (OTCQB: SWISF) announced a non-brokered private placement aimed at raising up to CA$2 million through the issuance of up to 20 million units at CA$0.10 per unit.

Each unit consists of one common share and one warrant. The warrants allow holders to purchase additional common shares at CA$0.14 per share for 36 months from the closing date.

The cybersecurity company stated it intends to use the net proceeds for sales efforts of its SekurOne solution and U.S. Government sector sales, along with general business development and working capital purposes.

Shares issued through the financing will be subject to a four-month hold period under Canadian securities laws. Finders' fees may be payable on the private placement, subject to Canadian Securities Exchange policies.

Sekur Private Data provides cybersecurity and defense communications solutions, offering products including SekurMail, SekurMessenger, and SekurVPN. The company operates through its website, approved distributors, telecommunications companies, and the U.S. General Services Administration Multiple Award Schedule. Its main sales operations are based in Miami.

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