secwatch.observer — SEC 8-K summary
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Issuer:     Data443 Risk Mitigation, Inc. (ATDS)
CIK:        0001068689
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001493152-23-045301
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1068689/000149315223045301/0001493152-23-045301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1068689/000149315223045301/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-045301

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