WhiteHawk (ASX: $WHK) secures A$500k investment for business expansion

WhiteHawk Limited (ASX: $WHK) has secured an initial investment of A$500,000 from New York based Lind Partners to support its business development expansion in the US and Australia. The investment may be increased up to A$1M at a later stage on the same terms subject to mutual agreement.

Executive Commentary on WhiteHawk's Investment and Expansion

As we advance our Cyber Risk Paid Pilots with U.S. National Cybersecurity Center, Major U.S. City, U.S. University System and our first Cyber Risk Program with an Australian ASX 100 Company, we have arranged the required capital to tailor and advance our Cyber Risk Platform for increased sales and increasing annual recurring revenue, including growing in the Australian market where there is a clear lack of automated cyber risk review products and high need. - Terry Roberts, Executive Chair of the Company

Summary of WhiteHawk's A$500k Private Placement and Expansion Plans

WhiteHawk Limited (ASX: $WHK) has executed an agreement with Lind Global Fund II, LP for an initial investment of A$500,000, with the potential to increase up to A$1M at a later stage. The investment will be used to support the company's growing pipeline of cyber risk contract opportunities, including engaging with Executive Strategy Group to accelerate revenue growth in the US and enable greater expansion into Australia. The company also aims to focus on sales channels that provide potential access to pre-existing buying clients and align its internal R&D activities with the Sales Growth Blueprint to result in automated scale up. The investment includes the issuance of 12,500,000 unlisted 3-year options at 2c exercise price, subject to shareholder approval. The private placement was arranged by Viaticus Capital, and the company has expressed its ambitions to tailor and advance its Cyber Risk Platform for increased sales and annual recurring revenue, particularly in the Australian market where there is a high need for automated cyber risk review products.