Data443 closes private placement raising ~$931K via 931,000 shares at $1.00 each

On November 4, 2022, Data443 Risk Mitigation, Inc., a Nevada corporation (“we” or “our”) closed a private placement transaction (the “ Offering ”) with certain “accredited investors,” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the “ Securities Act ”) (each an “ Investor ”). In connection with the Offering, we entered into a securities purchase agreement (“ Securities Purchase Agreement ”) with each Investor pursuant to which we offered and sold to the Investors a total of 931,000 shares of our common stock, par value $0.001 (the “ Common Stock ”), at a purchase price of $1.00 per share, for aggregate gross proceeds of approximately $931,000.