Safe-T Group Ltd. (SFET) IPO Opens 16% Lower
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Safe-T Group Ltd. (SFET) Prices 510.4K ADS Offering at $14.35/ADS
August 17, 2018 5:45 AM EDTSafe-T Group Ltd. (NASDAQ: SFET) today announced the pricing of an underwritten public offering of 510,438 American Depositary Shares ("ADSs") at a price of $14.35 per ADS, Series A warrants to purchase up to 765,657 ADSs with an exercise price of $14.35 per ADS, and Series B warrants to purchase up to a maximum of 1,191,021 ADSs. Each ADS represents 40 of the Company's Ordinary Shares. Safe-T expects to receive aggregate gross proceeds of approximately $7.335 million from the offering, assuming no exercise of the underwriter's option to purchase additional securities and no exercise of the warrants. The ADSs and the... More
