Cyabra To Commence ~$6M Offering Of Common Shares, Warrants At Combined Purchase Price Of $0.435/Share, Warrants

Cyabra, Inc.

Cyabra, Inc.

CYAB

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Cyabra, Inc. (Nasdaq: CYAB) ("Cyabra" or the "Company"), a company whose artificial intelligence ("AI")-powered platform helps governments and enterprises detect coordinated manipulation and protect digital trust, today announced that it has entered into securities purchase agreements with new and existing institutional investors, management, and board members, for the purchase and sale of 13,818,770 shares of common stock (or common stock equivalents in lieu thereof), Series A Warrants to purchase up to 13,818,770 shares of common stock (the "Series A Warrants") and Series B Warrants to purchase up to 13,818,770 shares of common stock (the "Series B Warrants," and together with the Series A Warrants, the "Warrants") at a combined purchase price of $0.435 per share and accompanying Warrants in a private placement (the "Private Placement"). The gross proceeds from the Private Placement offering are expected to be approximately $6.0 million, before deducting placement agent commissions and other estimated offering expenses.