GlobeNewswire·Sep 3, 2026, 9:00 AM ET

Cyabra Stockholders Approve Conversion and Exchange of All Outstanding Preferred Stock

Cyabra stockholders approved the conversion & exchange of existing preferred stock classes with approximately 98% of votes cast in favor at the September 2, 2026 special meeting.
Upon closing, all three series of preferred stock & their conversion price reset provisions will be eliminated, leaving a single class of common stock.
Series A & B preferred stock will convert into common stock, while Series C will be exchanged for common stock & warrants, with some holders receiving pre-funded warrants.
The vote follows a record second quarter of 2026 featuring 39% year-over-year revenue growth to $1.9 million & annual recurring revenue of $8.1 million up 29%.
The company maintains approximately 84% gross margin & recently secured new contracts including a European government customer & a multi-year agreement with an Asia-Pacific intelligence agency.
CEO Dan Brahmy stated the approval removes structural overhangs from the capital structure established when the company went public in March 2026.
An amendment to the 2026 Equity Incentive Plan was also approved by stockholders, with full voting results to be filed in a Form 8-K.
A resale registration statement covering securities from the July 2026 Offering & the conversion agreements was filed but has not yet been declared effective & will not raise new capital.
The transactions remain subject to closing conditions, with completion to be announced by the company when finalized.