CYBER1 Secures Additional Funding Of €1,500,000 From Existing Shareholders

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Stockholm, Sweden– 30th September 2022 – Cyber Security 1 AB (publ) (the “Company”) (“CYBER1”) (Nasdaq First North: CYB1) announces that it today has secured additional funding for the business.

Loan amount and availability

The loan, of in total €1,500,000, to the Company is arranged by two existing shareholders and split equally between SVE Group BV, a company closely associated with shareholder Sjan Van Ettekoven and Marlo Finance B.V.

Maturity and interest

The loan matures as below: €1,500,000 on 30th of September, 2024 (Maturity Amount). Interest on the Maturity Amount shall be paid by the Borrower on each Interest Capitalization Date through either cash payment or by a directed set-off issue of new ordinary shares (or a combination thereof), as decided by the lender within forty-five (45) business days before each Interest Capitalization Date (where otherwise payment by way of new shares shall be the default arrangement). The subscription price for Interest Shares shall be equal to 85 per cent of the volume weighted average price for the Borrower’s shares on Nasdaq First North during thirty (30) consecutive trading days immediately preceding the relevant Interest Capitalization Date. The lender shall at all times during the loan term, on one or more occasions, be entitled to request repayment of at minimum 25 per cent of the full loan amount against the receipt of new ordinary shares being issued by the Company, with a subscription price for each such new share shall be €0.05. The loan may be prepaid by the Company, fully or partly, at any time, where interest shall accrue up until prepayment with regard to the Maturity Amount, without any added premium or penalty. No arrangement fees or any other fixed fees of any kind shall apply to the loan arrangement.

Security arrangements

As security for all its obligations under the loan agreement, the Company pledges all shares in the subsidiaries CSSA and CSAD held by the Company, plus 25 per cent for interest coverage.

For further information, please contact:


Public Relations Contact:

George Messum :

Mangold Fondkommission AB is the Company’s Certified Adviser.

Phone: +46 (0)8 503 015 50

About CYBER1


CYBER1 is engaged in providing cyber resilience solutions and conducts its operations through presences in Sweden, South Africa, United Arab Emirates, Kenya and the UK. 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 €37.22m in 2021.

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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 2022-09-30 16:05 CEST.

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