---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-045301"
form_type: "8-K"
ticker: "ATDS"
cik: "0001068689"
company_name: "Data443 Risk Mitigation, Inc."
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:08:38.338630+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Data443 completes Cyren asset purchase; amended terms reduce cash, increase earn-out

## Summary
- Amended Purchase Agreement: cash consideration cut to $430k (from $500k), earn-out raised to $1.1M (from $1M), $2M in stock unchanged.
- Final payment made Dec 15, 2023; Data443 now holds all right, title, interest in Cyren assets.
- Retained 52 of ~60 Cyren customers; expects to sign remaining in Q1 2024.
- Acquired technology includes email anti-spam, anti-malware, phishing/BEC; customers include large ecommerce, firewall, SOAR providers.
- Transaction expected to be immediately accretive for Q1 2024.

## SEC filing metadata
- accession: 0001493152-23-045301
- form_type: 8-K
- ticker: ATDS
- cik: 0001068689
- company_name: Data443 Risk Mitigation, Inc.
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1068689/000149315223045301/0001493152-23-045301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1068689/000149315223045301/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-045301
- JSON: https://secwatch.observer/filing/0001493152-23-045301.json
- Plain text: https://secwatch.observer/filing/0001493152-23-045301.txt

## Key facts
- M&A Transactions
  Data443 Risk Mitigation, Inc. completed an acquisition involving the appointed receiver for the assets of Cyren Ltd. for $430,000 payable in cash, shares of the Company’s common stock equivalent to $2,000,000 and $1,100,000 in the form of an earn out payment (closed 2023-12-15).
  - Action: acquisition
  - Counterparty: the appointed receiver for the assets of Cyren Ltd.
  - Consideration: $430,000 payable in cash, shares of the Company’s common stock equivalent to $2,000,000 and $1,100,000 in the form of an earn out payment
  - Closing: 2023-12-15
  source text: of Cyren’s assets (the “ Assets ”). In exchange for the Assets, the Company agreed to pay (i) $500,000 payable in cash, (ii) shares of the Company’s common stock equivalent to $2,000,000 and (iii) $1,000,000 in the form of an earn out payment. On December 12, 2023, an amendment to the Purchase Agreement between the Company and the Receiver was finalized (as
  evidence_url: https://www.sec.gov/Archives/edgar/data/1068689/000149315223045301/0001493152-23-045301-index.htm
- Material Agreements
  Data443 Risk Mitigation, Inc. amended Amended Purchase Agreement with the appointed receiver (the "Receiver") for the assets of Cyren Ltd. valued at $430,000 payable in cash, (ii) shares of the Company’s common stock equivalent to $2,000,000 and (ii (effective 2023-12-12).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: the appointed receiver (the "Receiver") for the assets of Cyren Ltd.
  - Value: $430,000 payable in cash, (ii) shares of the Company’s common stock equivalent to $2,000,000 and (ii
  - Effective: 2023-12-12
  source text: On December 12, 2023, an amendment to the Purchase Agreement between the Company and the Receiver was finalized (as amended, the “ Amended Purchase Agreement ”), pursuant to which the Company and the Receiver agreed that in lieu of the consideration previously agreed to, the Company would pay (i) $430,000 payable in cash, (ii) shares of the Company’s common stock equivalent to $2,000,000 and (iii) $1,100,000 in the form of an earn out payment, as further described in the Amended Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1068689/000149315223045301/0001493152-23-045301-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.