The parent security issued to the institutional entities approximately 9.6 million shares, approximately 8.2% of the company after the issue – and approximately 9.6 million tradable options that can be exercised within 18 months at a price of 5.3
The parent security, which is traded on the Tel Aviv Stock Exchange at a value of over NIS 550 million, reported that it has completed significant capital raising in the amount of NIS 47 million from nine Canadian and Israeli institutional entities.
The parent security issued to the institutional entities approximately 9.6 million shares – which is approximately 8.2% of the company after the issue – and approximately 9.6 million tradable options that can be exercised within 18 months, at a price of NIS 5.3 per option. The parent security will raise another NIS 51 million in the event of full exercise of the options.
Parent Security was established in 2017 by veterans of 8200 and 81 intelligence units. The company specializes in the protection of sensitive commercial information of companies, and has an advanced encrypted computing solution for companies and organizations aimed at preventing hostile intrusion and protecting the sensitive commercial information of companies. Father Security’s cyber security solutions, for the fields of AI, data, fintech and infrastructure, are implemented through a cyber platform designed and manufactured by the company in Israel and giving organizations military-level protection.
The parent company sells its products and a variety of other cyber services in over 30 countries around the world and has about 600 employees.
It should be noted that the parent security, which entered the Tel Aviv Stock Exchange in June this year as part of a merger transaction with ALD, recently reported that it had entered into a memorandum of understanding for the merger with SPAC, which is traded on the NASDAQ stock exchange.