MCLEAN, VA / ACCESSWIRE / February 10, 2022 / Cyren (Nasdaq:CYRN), today announced that it has entered into a securities purchase agreement with certain institutional and other accredited investors to raise approximately $12 million through the issuance of 3,129,075 of its ordinary shares (or ordinary share equivalents) and warrants to purchase up to 3,129,075 ordinary shares, at a purchase price of $3.835 per share (or ordinary share equivalent) and associated warrant, in a private placement priced "at-the-market" under Nasdaq Rules. The warrants will have a term of five and one-half years, be exercisable immediately following the issuance date and have an exercise price of $3.71 per ordinary share.
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