2nd Feb 2022 14:15
CYBA PLC - UK-based cyber security-focused special acquisition company - Raises GBP6 million in share placing at price of two pence per share. Will put proceeds towards USD25.6 million acquisition of Narf Industries, and use as working capital. The final steps of acquisition are passing resolutions set out in the notice of meeting contained in the prospectus, which first must be approved by the Financial Conduct Authority, and the readmission of CYBA and its shares to the Official List.
Narf Industries is a security analysis, research and development firm.
Current stock price: 2.03 pence, down 3.6% on Wednesday
12-month change: down 42%
By Elizabeth Winter; [email protected]
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