Brief: Cyren Announces Commencement Of Rights Offering

Cyren

04/10/2019 12:47

Oct 4 (Reuters) - Cyren Ltd  CYRN.O :
    * CYREN ANNOUNCES COMMENCEMENT OF RIGHTS OFFERING
    * CYREN LTD - HAS COMMENCED RIGHTS OFFERING TO RAISE GROSS
PROCEEDS OF ABOUT $12.5 MILLION
    * CYREN LTD - WP XII INVESTMENTS B.V., ENTITY CONTROLLED BY
FUNDS
AFFILIATED WITH WARBURG PINCUS, LLC HAS PROVIDED A COMMITMENT
LETTER TO THE CO
    * CYREN LTD - WARBURG PINCUS COMMITTED TO SUBSCRIBE FOR CO'S
ORDINARY SHARES FOR AGGREGATE AMOUNT OF AT LEAST $8 MILLION OF
ORDINARY SHARES
    * CYREN LTD - WARBURG PINCUS WILL NOT RECEIVE ANY FEE IN
CONNECTION WITH ITS COMMITMENT

Source: (https://bit.ly/2OmhcR8)
Further company coverage:  CYRN.O 

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