Israeli cybersecurity company Safe-T Goes Public on Nasdaq

safe-tSafe-T Group Ltd. (Nasdaq: SFET) (TASE: SAFE), a Herzliya, Israel-based cybersecurity company, is going public on Nasdaq.

Safe-T intends to use the net proceeds from the offering for scaling up marketing and sales of its products in the United States and in the rest of the world, for research and development of new technologies to expand its business, and for working capital and general corporate purposes.

The pricing of the offering is 510,438 American Depositary Shares (“ADSs”) at $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 provides software-defined access solutions for on-premises, mobile and the cloud solving the data access challenge by masking data at the perimeter, keeping information assets safe and limiting access only to authorized and intended entities in hybrid cloud environments.



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