Cyber Security 1 Ab: Business Combination With A Special Purpose Acquisition Company

 
TIDMCYB1 
 
   CYBER1 to explore achieving its US listing ambitions through a business 
combination 
 
   with a Special Purpose Acquisition Company 
 
   London United Kingdom -- 03 December 2019, Cyber Security 1 AB (publ) 
("CYBER1"), (Nasdaq:CYB1,OTCQX:CYBNY), a leading supplier of cyber 
security solutions with operations in Europe, Africa and the Middle East, 
announces today its intention to seek collaboration with a Special 
Purpose Acquisition Company ("SPAC"), as an effective means of achieving 
access to the US capital markets. 
 
   As previously announced (press release accessible 
https://www.globenewswire.com/Tracker?data=_t8WdeTRpJvJ8OtyE1za01MPfmVS0s0fdWSa4EtupRu4r_7xM1D5UG-ak2izURNVtbx1bJPJc_9dHQJsvKjZ6okn5Xa-bwrGQkFsf_O6hslXTKr7nwZlQ7noJ3o40zyl54y1Plno0sjNES31rUTOdYQveJTg6PaGGyK4aGfA6f9ZSdd-ZXaVl-VdfBp3VJ_2ORp_0IP7SE50-0CtOnLnxSZvErYzPOdc82nI2XgaT07suq_6-NQ5JeKZiJACi7hLEL_3f410ta5rlLiL58wwcg== 
here), CYBER1 is exploring strategic alternatives to a listing in 
Sweden. CYBER1 and its advisors have identified the following to be the 
current viable options: 
 
 
   --  a secondary public offering in the US market; 
 
 
   --  upward progression of the CYBER1 American Depositary Receipt (OTCQX: 
      CYBNY) programme from the current Level 1 to Level 3 with an associated 
      capital raise: 
 
 
   --  seeking out a Nasdaq or NYSE listed SPAC to facilitate a business 
      combination with CYBER1. 
 
 
   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 offers the most efficient and flexible route to a 
main market US listing, in addition to providing capital to fund 
CYBER1's expansion plans. 
 
   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. 
 
   Key advantages of a business combination with a SPAC include: 
 
 
   1.  Existing main market US-listed company with a clean trading background 
 
   2.  Pre-Capitalised investment vehicle with funds held in Trust 
 
   3.  Experienced dealmakers/operators as sponsors 
 
   4.  Improved access to: 
 
          1.  Banking network 
 
          2.  Analyst network 
 
          3.  Investor network 
 
          4.  Talent 
 
          5.  US acquisition targets 
 
          6.  Growth capital 
 
 
   Any change from current listing venue to the US Market would be subject 
to any necessary approvals or acceptances by CYBER1's shareholders. 
 
   Kobus Paulsen, Chairman of CYBER 1, commented: "After assessing a number 
of viable options in achieving our strategic objectives and our 
ambitions to enter the United States market, we believe that 
collaboration, merger or business combination with a SPAC will best 
complement the liquidity objectives and growth plans of CYBER 1. We are 
actively preparing the company internally for the various governance 
changes necessary and look forward to engaging with our partners and the 
US investor community on this exciting next phase for the company." 
 
   More information relating to the end to end SPAC process can be found 
https://www.globenewswire.com/Tracker?data=_t8WdeTRpJvJ8OtyE1za00wKyyJmZ-bE7TKTjsTY0dBvOLFqyFKdO6zThyysJbPcgWiN8re8l4vwDVa0p4-bsbXa3etl8VCQp0z9hai7lvA8c4hSZt9krr6889sCXQlfNeCWwMN3jdjMxq8TU6hf7FOXqAOQzFXeVyANSmLWq7k= 
here. 
 
   MANGOLD FONDKOMMISSION AB IS THE COMPANY'S CERTIFIED ADVISER. 
 
   Telephone: [phone] 
 
   E-mail: [e-mail] 
 
   FOR FURTHER INFORMATION, PLEASE CONTACT: 
 
   Tim Metcalfe 
 
   Investor Relations contact, CYBER1 
 
   Email: [e-mail] 
 
   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. 
 
   ABOUT CYBER1 
 
   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 
https://www.globenewswire.com/Tracker?data=lnm0HjVxf7YEPdTqmiKqDjV4A5v9c9A0vpEmjdPWf9QFadzLvme_seBUXSBTJ6EetbT4XEerQoP28WcJ2SaZSCr1z04ovQReQmZfbrYpEfs= 
www.cyber1.com/investors 
 
   For further information please visit: 
https://www.globenewswire.com/Tracker?data=lnm0HjVxf7YEPdTqmiKqDtF8F5nvVVbT72p-ZYq6Ti88CbPYziHmyULiJ97BV3uX_qVL2uJvugNqJAU1TgMj1g== 
www.cyber1.com 
 
   For all company filings and reports, please visit : 
https://www.globenewswire.com/Tracker?data=cDdk7EwFLIMhZrwZGeHls_CvpgQ88sO-S_RO--IJjgY6rBQCWswJwu9ScS_z_iiOcfwtZEAa6a5fjGzoH_YmQvWw_Z0weOuWKbi4WTnNMtIWiBzmIEMDBaD_JcSDdGIPxdLzb42he1EC1rskoAzAgrviBQCmVWLOz5emDKO3_oY= 
https://cyber1.com/cyber1-investor-information/ 
 
   Link to Spac definitions 
 
   https://www.globenewswire.com/Tracker?data=cDdk7EwFLIMhZrwZGeHls8Sxa1xfFn6o2IcsrGinJi8faGq6vXwPLNTZ0TFnl1DxcZhK0AsYMIiXstx0_YA9CSBbwtD4FQ0Bgm9l_lxrsgI9s3X8rj3iKRwqKCE6b9wNOfhseOFysiifv9uF7WBVtmGlcLKwdEezoRre74Tm8eo= 
https://www.investopedia.com/terms/s/spac.asp 
 
 
 
 

(END) Dow Jones Newswires

December 03, 2019 12:30 ET (17:30 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.