Data443 Risk Mitigation (OTC: ATDS), a data security and privacy software company for “All Things Data Security,” has completed a series of transactions resulting in $1.5 million in growth capital for the company; the funds also allow the company to retire some outstanding debt obligations. According to the announcement, the transactions comprised of a direct investment of $1.5 million, exchanging of an outstanding note for a new note with new terms and the release of specific security interests on portions of the company’s assets. The company noted that these transactions align with its goal to reduce debt and improve debt terms, which will provide flexibility for the company to complete outstanding technology acquisitions and work toward its objective of uplisting on a major stock exchange. The announcement noted that Dawson James Securities Inc. acted as the sole placement agent. “We are pleased with the outcome of our debt refinancing efforts, which represents a very productive step in assuring our long-term viability and delivering shareholder value,” said Data 443’s CEO and founder Jason Remillard in the press release. “We appreciate the efforts of all parties to complete the transactions at terms that align and benefit all parties. Notwithstanding the persisting market uncertainties, we raised the funds necessary to facilitate and close accretive transactions while retiring debt. Importantly, this debt retirement positively impacts our shareholder equity ratio, a critical factor in meeting the prerequisites for a listing on a premier stock exchange.”
To view the full press release, visit https://ibn.fm/5XjJI
About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation provides software and services to enable secure data across devices and databases, at rest and in flight/in transit, locally, on a network or in the cloud. ATDS is All Things Data Security(TM). With more than 10,000 customers in more than 100 countries, Data443 provides a modern approach to data governance and security by identifying and protecting all sensitive data regardless of location, platform or format. The company’s framework helps customers prioritize risk, identify security gaps and implement effective data-protection and privacy-management strategies. For more information about the company, please visit www.Data443.com.
NOTE TO INVESTORS: The latest news and updates relating to ATDS are available in the company’s newsroom at https://ibn.fm/ATDS
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