Financing ·
Cyabra, Inc. closed transactions to convert and exchange outstanding preferred stock for common equity following…
CYABCyabra, Inc.
Cyabra, Inc. closed transactions to convert and exchange outstanding preferred stock for common equity following shareholder approval received on September 2, 2026. Under the Exchange Agreement with Alpha Capital Anstalt, the company issued 24,505,747 pre-funded warrants, Series A common warrants, and Series B common warrants in exchange for Series C Preferred Shares valued at $10,660,000. Concurrently, under the Conversion Agreement, holders of Series A and Series B Preferred Shares received 9,756,323 shares of common stock and a pre-funded warrant to purchase up to 25,006,895 additional shares after the conversion price was reduced to $0.435 per share. All involved preferred shares were cancelled and restored to authorized but unissued status. Cyabra operates in the cybersecurity industry, providing AI-driven threat detection and response solutions.