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79.95
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2,403.00
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79.95
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2,403.00
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102.55
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Adisyn (ASX:AI1) announces share placement to support cybersecurity growth

Adisyn (ASX:AI1) Share Placement Announcement


Adisyn Ltd (ASX:AI1) has successfully raised $400,000 through a Company led placement by issuing 20,000,000 new fully paid ordinary shares at an issue price of $0.02 per share. The funds raised will be utilized to expand the Company's newly formed cybersecurity division, Adisyn Cyber, focusing on increasing sales and marketing efforts and developing new AI powered cybersecurity services. Additionally, Adisyn Cyber has entered into a Memorandum of Understanding (MOU) with Al Nasr Technical Trading Agencies (ATTA Group) to explore the supply of IT and Cybersecurity systems in UAE, Saudi Arabia, and Oman.

Executive Commentary on Share Placement


The Company is pleased to have received binding commitments for the successful placement, which will enable us to further strengthen our cybersecurity division and expand our AI powered cybersecurity services. The funds raised will support our efforts to develop new services aimed at assisting businesses in managing their obligations for the handling of personal data under the new Privacy Legislation Amendment Act. Additionally, the MOU with ATTA Group presents an exciting opportunity to explore the supply of IT and Cybersecurity systems in key regions, aligning with our strategic growth plans in the cybersecurity sector.

Summary of Adisyn's Share Placement Announcement


Adisyn Ltd (ASX:AI1) has announced a successful share placement, raising $400,000 to support the expansion of its cybersecurity division, Adisyn Cyber. The focus will be on increasing sales and marketing efforts and developing new AI powered cybersecurity services to assist businesses in managing their obligations for the handling of personal data under the new Privacy Legislation Amendment Act. The Company's MOU with ATTA Group signifies a strategic move to explore the supply of IT and Cybersecurity systems in UAE, Saudi Arabia, and Oman. This announcement reflects Adisyn's commitment to enhancing its cybersecurity capabilities and pursuing strategic growth opportunities in key international markets.

Sourcehttps://announcements.asx.com.au/asxpdf/20231124/pdf/05xrfqjzjr7xlr.pdf

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