Sekur Private Data Ltd., a Swiss-hosted cybersecurity and privacy communications platform, has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of CA$105,000. The company issued 3 million units at CA$0.035 each, with each unit comprising one common share and a full warrant exercisable at CA$0.05 for 24 months.
The capital raise signals the company's strategic focus on expanding its market presence in the United States. Proceeds from the placement will be primarily directed toward supporting U.S. marketing efforts for its privacy communications solutions and maintaining general working capital.
The company's product suite includes encrypted email services, secure messengers, and secure communication tools designed for consumers, businesses, and governments worldwide. By targeting the U.S. market, Sekur Private Data aims to leverage the growing demand for robust cybersecurity and privacy-focused communication platforms.
This funding round demonstrates the company's commitment to growth and its recognition of the increasing importance of secure digital communication in today's interconnected business landscape. As cyber threats continue to evolve, companies and individuals are seeking more sophisticated privacy protection solutions, positioning Sekur Private Data to potentially capture a significant market opportunity.
