World News: 17:30 GMT Tuesday 3rd December 2019. [Cyber Security 1 AB via Globe Newswire via SPi World News]
As previously announced (press release accessible ), CYBER1 is exploring strategic alternatives to a listing in Sweden. CYBER1 and its advisors have identified the following to be the current viable options:
Following due consideration, the Board has selected to explore the option of a business combination with a SPAC as the preferred method of achieving accelerated access to the US public markets. The Board is of the view that
A SPAC is a publicly traded company that raises a blind pool of capital through an initial public offering (IPO) for the purpose of effecting a business combination with an existing company.
Kobus Paulsen, Chairman of CYBER 1, commented:
Tim MetcalfeInvestor Relations contact, CYBER1Email: email@example.com
This information is information that CYBER1 is obliged to make public, pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 03.12.2019 at 18:30 CET.
CYBER1 is engaged in providing cyber resilience solutions and conducts its operations through physical presences in Sweden, South Africa, the UK, Kenya, Germany, Austria, Turkey, Greece, Italy, the Ukraine and the United Arab Emirates. Listed on Nasdaq First North Growth Market (Nasdaq: CYB1.ST, and as an American Depositary Receipt (OTCQX: CYBNY), the Group delivers services and technology licenses to enhance clients’ protections against unwanted intrusions, to provide and enhance cyber resilience and to prevent various forms of information theft. CYBER1 had revenues of 43.95m EUR in 2018. For further information, please visit
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Link to Spac definitions
Globe Newswire: 17:30 GMT Tuesday 3rd December 2019
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