The company said in a statement that it had secured “firm commitments” amounting to C$5 million in equity financing in the form of units.
GlobeX is in the midst of launching its Swiss-hosted secure messaging technology in the US.
READ: GlobeX Data continues Sekur US launch with 156 billboards across six New York City subway stations
Under the offering, each unit consists of one share priced at C$0.33 and one-half of one warrant, with each full warrant enabling the holder to purchase a share at a price of $0.60 for a two-year term.
GlobeX said that the offering has been fully subscribed and is now closed.
Proceeds from the financing will be used to continue to market the data protection company’s Sekur encrypted email and messaging solution to the US market.
Additional proceeds will go towards general corporate purposes.
GlobeX said its CEO and CFO both participated in the private placement as well, with subscriptions of 2,295,000 units, or 15% of the total offering.
Sekur is based on Swiss-hosted data privacy and security regulation and geared towards consumers and businesses who do not want their data mined by third party service providers. As it is not connected to the leading platforms like Amazon Web Services, Microsoft Azure or Google Cloud, GlobeX designed Sekur is a truly independent, private and secure means of communications through its secure servers based in Switzerland.
Toronto and New York-based GlobeX distributes a suite of encrypted e-mails, secure messengers, secure communication tools, and secure cloud-based storage, disaster recovery, document management.
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