Data443 acquires select Cyren assets for $3.5M total consideration, adds over $15M revenue base

Data443 Risk Mitigation, Inc.

Consideration: $500K cash, $2M in Data443 common stock, and $1M earn-out.
Assets include Cyren's threat intelligence, URL categorization, and email security technology and clients.
Cyren's threat intelligence service protects over 1 billion users globally.
Onboarding customers representing over $15 million in unaudited FY 2022 revenue.
Expected close Q3 2023; Data443 expects acquisition to be accretive.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Data443 Risk Mitigation, Inc. entered into Purchase Agreement with Appointed Receiver for the Assets of Cyren Ltd. valued at $500,000 payable in cash, shares of the Company’s common stock equivalent to $2,000,000 and $1,000,0 (effective 2023-05-11).

Action: entry
Agreement: asset purchase
Counterparty: Appointed Receiver for the Assets of Cyren Ltd.
Value: $500,000 payable in cash, shares of the Company’s common stock equivalent to $2,000,000 and $1,000,0
Effective: 2023-05-11

Exact text from the filing

On May 11, 2023, Data443 Risk Mitigation, Inc. (the “Company”) entered into an agreement to purchase certain assets (the “Purchase Agreement”) with the Appointed Receiver (the “Receiver”) for the Assets of Cyren Ltd. (“Cyren”).

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Data443 Risk Mitigation, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-017486

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