secwatch.observer — SEC 8-K summary
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Issuer:     Data443 Risk Mitigation, Inc. (ATDS)
CIK:        0001068689
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001493152-23-017486
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1068689/000149315223017486/0001493152-23-017486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1068689/000149315223017486/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-017486

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer