Cyabra prices USD 6 million private placement at USD 0.435 per share with warrants
CYAB•Closing timing and use of proceeds
Closing is expected around July 10, 2026. Proceeds are slated for working capital and general corporate purposes.
Private placement priced with warrant coverage
Cyabra priced a USD 6 million private placement of 13,818,770 common shares or equivalents at USD 0.435 each.
The deal includes Series A warrants for 13,818,770 shares at USD 0.5, with a five-year term, and Series B warrants at USD 0.45, with a 12-month term.
Preferred share conversions and exchange agreement
Preferred holders agreed to convert Series A and B preferred into 35,648,276 common shares or equivalents at USD 0.435, pending approval.
The Series C preferred holder agreed to exchange preferred stock valued at USD 10.66 million for the private placement securities, pending approval.
