Target company - Polyswarm NCT Price Movement
18/01/2022 07:00
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RNS Number : 7422Y CYBA PLC 18 January 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
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PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
18 January 2022
CYBA plc
PolySwarm Nectar Price Movement
CYBA plc ("CYBA" or the "Company") notes the recent movement in the price of
PolySwarm's cryptocurrency token Nectar ("NCT"). As per the Company's
Admission Document, and last announced on 21 June 2021, the Board continues to
be in discussions for the acquisition of PolySwarm.
On 12 January 2022 NCT was accepted for trading on the Coinbase Exchange. The
price for NCT increased by 760% within 2 trading days to $0.1734 giving a
fully diluted market cap of $327m. Since then NCT has now listed on a number
of other Global exchanges, including Huobi the largest exchange in China.
PolySwarm itself holds 339 million NCT in treasury.
Further information on Polyswarm can be found in the Company's Prospectus at
www.cybaplc.com (http://www.cybaplc.com) as well as on PolySwarm's own site,
https://polyswarm.io/ (https://polyswarm.io/) .
Further announcements will be made as the situation of Polyswarm develops.
ENDS
About CYBA plc
CYBA plc ("CYBA") is a special purpose acquisition company ("SPAC") seeking
suitable acquisition targets in the Cyber Security sector. CYBA intends to
implement its strategy focussed on building a group capable of offering Cyber
and Cybersecurity solutions in the US and beyond.
The Company intends to leverage the deep industry knowledge of its board and
associates to undertake due diligence on the commercial attributes of a target
entity's business.
For further information on the Company please visit www.cybaplc.com
(http://www.cybaplc.com/) , with the Company's Admission Document to be found
at www.cybaplc.com/investor-relations/corporate-documents
(http://www.cybaplc.com/investor-relations/corporate-documents) or contact:
Robert Mitchell CYBA Tel: +44 (0) 20 3468 2212
Peter Krens Tennyson Securities Tel: +44 (0)207 186 9030
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