Cyber Security 1 has been notified of an application for bankruptcy which has been submitted to the Stockholm District Court by a creditor and relates to an older claim that is in dispute. Both clear and disputed claims have been produced in the ongoing corporate reconstruction. The disputed claims are currently being investigated within the framework of the reconstruction.
The company’s new Board and CEO are working intensively in the ongoing corporate reconstruction together with the administrator to validate the company’s debt and creditors. The Stockholm District Court has, as previously announced, decided to extend the time for the corporate reconstruction until 12 November 2020.
Further information on the company’s financial development will be commented on in the interim report for the third quarter, which will be published on October 30, 2020.
For further information, please contact:
Investor Relations Contact:
Mangold Fondkommission AB is the Company’s Certified Adviser.
CYBER1 is engaged in providing cyber resilience solutions and conducts its operations through physical presences in UK, Sweden, Kenya, South Africa, United Arab Emirates and the United States. Listed on Nasdaq First North Growth Market (Nasdaq: CYB1.ST), the Group delivers services and technology licenses to enhance clients’ protections against unwanted intrusions, to provide and enhance cyber resilience and to prevent various forms of information theft. CYBER1 had revenues of 68.73m EUR in 2019.
For further information, please visit www.cyber1.com/investors.
For all company filings and reports, please visit: https://cyber1.com/cyber1-investor-information/
This information is information that Cyber Security 1 is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2020-10-05 08:30 CEST.