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Nubeva Technologies Ltd V.NBVA

Alternate Symbol(s):  NBVAF

Nubeva Technologies Ltd. is a cybersecurity company specializing in ransomware decryption and recovery. The Company provides decryption solutions for recovery from ransomware attacks. Its ransomware reversal software is available to end-user enterprises, managed security service providers, incident responders, and cybersecurity solution manufacturers. Its flagship product, Ransomware Reversal is focused on the cybersecurity landscape. This solution leverages its Session Key Intercept (SKI) technology to offer an approach to ransomware protection by enabling recovery from attacks, thus nullifying its impact and damage. Its Ransomware Reversal is the solution to decrypt virtually all modern ransomware. Its Ransomware Reversal is a protective solution to combat the escalating ransomware threat. Its decryption technology enables organizations to decrypt ransomware without paying ransoms. The Company delivers the solution as a software toolkit.


TSXV:NBVA - Post by User

Post by Mapleleaf57on Mar 23, 2021 6:39pm
132 Views
Post# 32860769

Nubeva arranges $500,000 private placement

Nubeva arranges $500,000 private placement

Nubeva Technologies Ltd. has arranged a non-brokered private placement of units for gross proceeds of $500,000. All dollar amounts in this news release are stated in Canadian dollars.

The offering shall consist of 1,111,111 units at a price of 45 cents per unit. Each unit shall consist of one common share in the capital of the company and one common share purchase warrant, each warrant entitling the holder to acquire one common share at a price of 65 cents per common share for a period of up to three years. If at any time subsequent to the date which is four months and a day from completion of the offering, the closing price of the common shares as quoted on TSX Venture Exchange for any 10 consecutive trading days is equal to or exceeds $1 per common share, the company may provide notice to the holders of the warrants by issuance of a press release that the expiry date of the warrants will be accelerated to the 30th day after the date on which the company issues such press release. 

There are no fees associated with this offering. The proceeds from the offering will be used for general working capital purposes. The offering will be completed pursuant to certain exemptions from the prospectus requirements under applicable securities law. The offering is subject to the acceptance of the TSX Venture Exchange, and the securities issued will be subject to the required four-month hold period. 

 
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