Sekur Private Data Ltd., a Swiss-based cybersecurity firm, has announced the successful closure of the first tranche of its non-brokered private placement, raising CA$105,000. This funding was achieved by issuing 3 million units at CA$0.035 each, with each unit consisting of one common share and a full warrant exercisable at CA$0.05 over 24 months. Notably, this round did not involve any finders' fees, marking a clean capital raise for the company.
The proceeds from this private placement are earmarked for two primary purposes: expanding Sekur's marketing efforts in the U.S. for its privacy communications solutions and bolstering the company's general working capital. Sekur Private Data Ltd. is renowned for its encrypted communication tools, which include secure email, messaging, and data management services. These services cater to a wide range of clients, from individual consumers to businesses and government entities, distributed globally through its website, approved distributors, and telecommunications partners.
This strategic financial move underscores Sekur's commitment to enhancing its market presence and continuing the development of its secure communication technologies. By focusing on the U.S. market, Sekur aims to carve out a stronger position in the highly competitive cybersecurity and privacy communications sector. The company's approach reflects a growing recognition of the importance of secure communication tools in today's digital age, where privacy concerns are increasingly paramount.
