Safe-T Group Ltd. (SFET) IPO Opens 16% Lower

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Go back to Safe-T Group Ltd. (SFET) IPO Opens 16% Lower

Safe-T Announces Pricing of $7.335 Million Underwritten Public Offering

August 17, 2018 12:05 AM EDT

HERZLIYA, Israel, August 17, 2018 /PRNewswire/ --

Safe-T Group Ltd. ("Safe-T" or the "Company") (NASDAQ: SFET) (TASE: SAFE), a leading provider of software-defined access solutions for on-premises, mobile and the cloud, today announced the pricing of an underwritten public offering of 510,438 American Depositary Shares ("ADSs") at a price of $14.35 per ADS, Series A warrants to purchase up to 765,657 ADSs with an exercise price of $14.35 per ADS, and Series B warrants to purchase up to a maximum of 1,191,021 ADSs. Each ADS represents 40 of the Company's... More