leadf
logo-loader
viewGlobeX Data
(
CSE:SWISOTCQB:SWISF
)

GlobeX Data closes C$5M funding round to help launch Sekur messaging system in the US

GlobeX is in the midst of launching its Swiss-hosted secure messaging technology in the US

GlobeX Data -
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

GlobeX Data (CSE:SWIS, OTCQB:SWISF) Ltd revealed a new financing that is expected to raise up to C$5 million to help market its Sekur messaging system in the US.

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.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: GlobeX Data

Follow
CSE:SWIS

Price: 0.44 CAD

Market Cap: $37.76 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

GlobeX Data closes oversubscribed financing of 4.5 million, Increases budget...

GlobeX Data (CSE:SWIS, OTCQB:SWISF) CEO Alain Ghiai joined Steve Darling from Proactive to share news the company has announced the closing of a private placement offering for total gross proceeds of 5.7 million Canadian. Ghiai telling Proactive the company plans to use the proceeds to...

on 23/8/21

2 min read