Sekur Private Data Secures CA$105,000 in Private Placement Funding for U.S. Market Expansion

Sekur Private Data Ltd., a Swiss-hosted cybersecurity and privacy communications platform, has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of CA$105,000. The company issued 3 million units at CA$0.035 each, with each unit comprising one common share and a full warrant exercisable at CA$0.05 for a 24-month period. This funding round was completed without any finders' fees, making it a clean capital raise for the company.

The proceeds from this private placement will be strategically allocated toward expanding Sekur Private Data's U.S. marketing efforts for its privacy communications solutions and supporting general working capital needs. This represents a significant step in the company's growth strategy, particularly as it seeks to strengthen its position in the competitive cybersecurity and privacy communications landscape. The focus on U.S. market expansion comes at a time when demand for secure communication tools is growing globally, driven by increasing concerns about data privacy and cybersecurity threats.

Sekur Private Data specializes in providing encrypted communication tools through its platform, including secure email, messaging, and data management services. The company serves a diverse global customer base that includes consumers, businesses, and government entities through its own website at https://www.sekur.com, approved distributors, and telecommunications partners worldwide. This broad distribution network allows the company to reach various market segments with its privacy-focused solutions.

The private placement represents a strategic move for Sekur to enhance its market presence and continue developing its suite of secure communication technologies. By directing resources toward U.S. market expansion, the company aims to capitalize on the growing demand for privacy-focused communication solutions in one of the world's largest technology markets. This funding will enable the company to increase its visibility and market penetration at a critical time when cybersecurity concerns are top of mind for organizations and individuals alike.

The successful completion of this funding round demonstrates investor confidence in Sekur Private Data's business model and growth prospects. The company's focus on providing Swiss-hosted privacy solutions positions it uniquely in the market, leveraging Switzerland's strong privacy laws and reputation for data protection. As the company moves forward with its expansion plans, this capital infusion will support both immediate operational needs and longer-term strategic initiatives in the competitive cybersecurity sector.