CYRN - CYRN STOCK NEWS

Cyren Ltd. (NASDAQ:CYRN) announced that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which mandates a minimum closing bid price of $1.00 per share. This compliance notification was received after the company's closing bid price exceeded $1.00 for ten consecutive business days. Previously, Nasdaq had notified Cyren of non-compliance on April 8, 2021, due to a 30-day failure to meet this requirement. Cyren provides cloud security solutions relied upon by over 1.3 billion users globally.

Cyren Ltd. (NASDAQ:CYRN) has successfully closed a private placement, raising approximately $12 million through the issuance of 3,129,075 ordinary shares and warrants priced at $3.835 per share. The accompanying warrants are exercisable for five and a half years at an exercise price of $3.71. The funds will be used for working capital and general corporate purposes. Investors are assured that an initial registration statement will be filed no later than 15 days after the agreement.

Cyren (Nasdaq:CYRN) has secured approximately $12 million in a private placement by issuing 3,129,075 ordinary shares at $3.835 each, along with warrants. The placement is priced 'at-the-market' and will close around February 14, 2022, subject to customary conditions. Proceeds will be utilized for working capital and corporate purposes. The company is also mandated to register the shares with the SEC within 15 days and aims for effectiveness within 80 days. The securities will not be publicly offered.

Cyren Ltd. (NASDAQ:CYRN) has announced a one-for-twenty reverse stock split effective February 8, 2022, at 5:00 p.m. ET. This decision, approved by shareholders on February 7, aims to increase the company's authorized share capital by NIS 216 million, enabling better compliance with Nasdaq listing requirements. Post-split, Cyren's total authorized shares will be 80 million, and shares will trade under the new CUSIP number M26895132. Shareholders will receive communications about their updated holdings. The company remains focused on providing security solutions for over 1.3 billion users worldwide.

Cyren has announced its Inbox Security pack is now available on the Cortex XSOAR Marketplace, enhancing security orchestration for tackling phishing and business email compromise. This integration allows clients to streamline detection and remediation of email threats from a single console. The partnership aims to combat the rising costs and impact of phishing scams globally. With over 850 integrations within the Cortex XSOAR ecosystem, Cyren's automation capabilities promise to boost operational efficiency in security operations centers.

Cyren (NASDAQ: CYRN) has announced that Score Group Limited has adopted its Inbox Security to enhance email threat detection, particularly against phishing and ransomware. The adoption will aid Score Group in achieving better visibility and control over email threats that elude Microsoft 365 defenses. With continuous monitoring and automated remediation, Score Group aims to improve operational efficiency and comply with Cyber Essentials guidelines. Cyren's solutions are utilized by over 1.3 billion users globally, highlighting its robust presence in the cybersecurity market.

Cyren (NASDAQ:CYRN) announced the appointment of Mike Fleck as Vice President of Marketing to enhance its strategic growth initiatives. Fleck brings extensive experience from the cybersecurity sector, having previously held leadership roles at Constella Intelligence and Covata Limited. His expertise in cybersecurity and marketing is expected to elevate Cyren's presence among key decision-makers. With over 1.3 billion users relying on its cloud security solutions, Cyren aims to strengthen awareness of its innovative anti-phishing services, leveraging nearly 20 years of threat detection expertise.

Cyren Ltd. (NASDAQ:CYRN) has successfully reduced its outstanding debt by 52%, lowering its total from approximately $19M to $9M. This reduction follows the full repayment of $10M in unsecured convertible notes, originally issued in December 2018, which matured on December 5, 2021. The repayment was made using cash reserves, thereby strengthening the company's financial position.

Cyren (NASDAQ:CYRN) has expanded its Threat Intelligence Services with a new URL Lookup API, aimed at enhancing web categorization for security products and workflows. This cloud-based tool enables security professionals to swiftly identify malicious web content, crucial in mitigating phishing and ransomware threats. Cyren's web security technology boasts processing over 1 billion URLs daily across 84 categories, including security-specific classifications. Subscription options, including a free Community Edition, are available for varied user needs, supporting both productivity and cyber-risk management.