Are parent investors less secure? The stock is plummeting after raising capital from Funder

© HUB Security PR

| Ido Asiag, Funder News

The parent information security (TASE :), which is traded on the Tel Aviv Stock Exchange, reported that it has completed raising NIS 47 million from nine Canadian and Israeli institutional entities.

Shares of Av. Since the beginning of 2022, the company’s share has risen by 34% and its market value now stands at about NIS 508 million

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 an exercise price of NIS 5.3 per option.

In the event of full exercise of the options, the parent security will raise another NIS 51 million.

The offering was accompanied by Adv. Amit Zarur, a partner in the Capital Market Department at Pearl Cohen.

Parent Security was established in 2017 by veterans of 8200 and 81 intelligence units. The company’s CEO is Eyal Moshe (pictured above).

The company specializes in the protection of sensitive commercial information of companies, and has an 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.

The company, which entered the Tel Aviv Stock Exchange in June this year as part of ALD, recently reported that it entered into a memorandum of understanding with SPAC, which is traded on the NASDAQ stock exchange.

The article was first published on the FUNDER website

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.