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GlobeNewswire·

Cyabra Announces Pricing of $6.0 Million Private Placement Priced At a Premium to the Market Price with New and Existing Institutional Investors, Management, and Board Members

CYAB
  • Cyabra, Inc. entered into securities purchase agreements for a private placement involving 13,818,770 common shares & accompanying Series A & Series B Warrants.
  • The combined purchase price for the shares & warrants is $0.435 per unit, with expected gross proceeds of approximately $6.0 million.
  • New & existing institutional investors, along with management & board members, are participating in the equity investment.
  • Series A Warrants carry an exercise price of $0.50 & expire five years after becoming exercisable, while Series B Warrants have an exercise price of $0.45 & expire twelve months after becoming exercisable.
  • All outstanding Series A & Series B Convertible Preferred Stock will convert into an aggregate of 35,648,276 common shares at a revised conversion price of $0.435.
  • A holder of Series C Convertible Preferred Stock agreed to exchange $10,660,000 worth of preferred stock for securities sold in the private placement.
  • The preferred conversion & exchange are subject to stockholder approval.
  • The closing of the private placement is expected to occur on or about July 10, 2026, subject to customary conditions.
  • Net proceeds will be used for working capital & other general corporate purposes.
  • A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.
  • Cyabra has agreed to file a registration statement with the SEC to cover the resale of the ordinary shares & underlying warrants.