PRESS RELEASE

Safe-T Group LTD. Announces Pricing of $1,677,278 Registered Direct Offering

Dec 23, 2019

Herzliya, Israel, Dec. 23, 2019 (GLOBE NEWSWIRE) —  Safe-T® Group Ltd. (NASDAQ, TASE: SFET), a provider of Secure Access solutions for on-premise and hybrid cloud environments, today announced that it has entered into definitive agreements with accredited and institutional investors in connection with a registered direct offering, providing for the issuance of an aggregate of (i) 269,272 American depositary shares (“ADSs”) at a purchase price of $3.15 per ADS, and (ii) 260,281 pre-funded warrants each to purchase one ADS (“Pre-Funded Warrant”). The Pre-Funded Warrant will be sold at a price of $3.15 each, including the Pre-Funded Warrant exercise price of $0.001 per full ADS. The Pre-Funded Warrants will be exercisable at any time after the date of issuance upon payment of the exercise price.

Additionally, in a concurrent private placement, the Company will issue to the investors unregistered warrants to purchase an aggregate of 529,553 ADSs. The warrants will have a term of five and one-half years, be exercisable commencing six months from the issuance date, and have an exercise price of $3.30 per ADS.

The offering is expected to result in gross proceeds to Safe-T of approximately $1,667,829. Safe-T Group intends to use the net proceeds from the offering for working capital and general corporate purposes.

The offering is expected to close on December 27, 2019, subject to customary closing conditions.

The ADSs and Pre-Funded Warrants to be issued in the registered direct offering will be issued pursuant to a prospectus supplement, which will be filed with the Securities and Exchange Commission (the “SEC”), in connection with a takedown from the Company’s shelf registration statement on Form F-3 (File No. 333-235367), which was declared effective by the SEC on December 16, 2019. Such ADSs may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. When filed with the SEC, copies of the prospectus supplement and the accompanying prospectus relating to the offering of the ADSs and Pre-Funded Warrants may be obtained at the SEC’s website at http://www.sec.gov.

The warrants described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder and, along with the ADSs issuable upon their exercise, have not been registered under the Act, and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Safe-T® Group Ltd.
Safe-T Group Ltd. (NADSAQ, TASE: SFET) is a provider of Zero Trust Access solutions which mitigate attacks on enterprises’ business-critical services and sensitive data, while ensuring uninterrupted business continuity.

Safe-T Group’s cloud and on-premises solutions ensure that an organization’s access use cases, whether into the organization or from the organization out to the internet, are secured according to the “validate first, access later” philosophy of Zero Trust. This means that no one is trusted by default from inside or outside the network, and verification is required from everyone trying to gain access to resources on the network or in the cloud.

Safe-T Group’s wide range of access solutions reduce organization’ attack surface and improve their ability to defend against modern cyberthreats. As an additional layer of security, our integrated business-grade global proxy solution cloud service enables smooth and efficient traffic flow, interruption-free service, unlimited concurrent connections, instant scaling and simple integration with our services.

With Safe-T Group’s patented reverse-access technology and proprietary routing technology, organizations of all size and type can secure their data, services and networks against internal and external threats.

At Safe-T Group, we empower enterprises to safely migrate to the cloud and enable digital transformation.

Safe-T Group’s SDP solution on AWS Marketplace is available here .

For more information about Safe-T Group, visit www.safe-t.com

Forward-Looking Statements
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others.  For example, forward-looking statements include statements regarding the offering, the expected timing of the closing of the offering and planned use of the net proceeds from the offering. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.  The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Safe-T Group’s annual report on Form 20-F filed with the SEC on March 26, 2019, and in any subsequent filings with the SEC. Except as otherwise required by law, Safe-T Group undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, the closing of the offering is subject to various conditions and contingencies as are customary in underwriting agreements. If these conditions are not satisfied or the specified contingencies do not occur, the offering may not close. Further, Safe-T Group may use the proceeds from the offering for different purposes than those described above. Safe-T Group does not undertake an obligation to update or revise any forward-looking statement. Investors should read the risk factors set forth in Safe-T Group’s filings. Safe-T Group does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact
Safe-T Group Ltd.
Shai Avnit, Chief Financial Officer
shai.avnit@safe-t.com
+ 972-986-661-10

 

By Karin Tamir  |
23/12/2019 |

Shachar Daniel

Co-founder and CEO

Shachar Daniel is the CEO at Safe-T and one of its co-founders. In his role, Mr. Daniel is responsible for overall vision, company’s strategy, day-to-day operations, and growing Safe-T’s business and presence around the world.Shachar brings to Safe-T more than 14 years of experience in various managerial and business roles. Prior to joining Safe-T, he was program manager at Prime-sense, head of operations for project managers at Logic and project manager at Elbit systems. Shachar is an experienced manager with passion and high commitment for project delivery. Shachar holds an Executive MBA from the Hebrew University , MBA from the college of management academic studies in Israel and B.Sc. in Industrial Engineering from the Holon Institute Technology.







Chen Katz

Chairman of the Board

Chen Katz is the Chairman of the Board of Directors of Safe-T. Mr. Katz is the CEO of TechnoPlus Ventures Ltd., an independent investment company based in Israel, commenced its investment activities in 1997 and has been traded on the Tel-Aviv Stock Exchange (TASE: TNPV) since 1999. Mr. Katz has over 18 years of experience in identifying, deal structuring, executing and managing investments in companies and ventures of all maturity levels as well as fundraising, private placements, IPOs, PIPEs, Rights Offerings and M&A transactions. Mr. Katz currently serves as the Chairman of the board of Nanomedic Technologies Ltd. and Nicast Ltd. and serves as a director in Aminach Furniture and Mattresses Industry Ltd., CompuLap Ltd., and RapiDx Ltd. Mr. Katz also served on the board of directors of D-Led Illumination Technologies Ltd. and Shekel Scales (2008) Ltd. Mr. Katz holds a European Master in Law and Economics (EMLE) from the Complutense University of Madrid and an LL.B. from the University of Haifa, both magna cum laude.

Request a Demo



Avi Rubinstein

Chief Business Officer

Avi is the Chief Business Officer at Safe-T. Prior to joining Safe-T Avi Co-founded Inpedio and served as its CEO between 2016-2019 after serving as Co-founder of Ectel, GM Ectel US Inc., leading the Ectel’s IPO in Nasdaq in 1999, Co-founder of StorWiz in 2004 (acquired by IBM in 2010), and Co-founder and CEO of VideoCodes in 2004 (acquired by Thompson in 2008). In addition, Avi participated in 2014/2015 in the turn-around of Nice Intelligence division (Ticker NICE) into a Cyber player, acquired by Elbit in 2015. Avi also served as advisory board member in Safe-T and CyberX (Cyber defense for Critical infrastructure).

Eran Ziv

Advisory Board Member

Eran Ziv has 30 years of high-tech and IT/telecom industry sales, marketing and management experience. He is the founder and CEO of SecurityDAM. A RAD Group company, involved in cloud security solutions. Prior to that, he served as the President of International Systems Division at Enablence Technologies Inc. and CEO and President of Teledata Networks Ltd. Organizations dealing with NGN (New Generation Network) solutions for the wired Telco markets. Eran was appointed as Teledata Networks Ltd. CEO and President in 2006, leading an intensive turnaround, resulting of successful accusation by Enablence Technologies Inc. in 2010. Prior to that, He served as President of Allot Communications Ltd. leading the company from early stage startup to a profitable NAZDAQ IPO organization. Eran joined Allot from his previous position as Vice President of Sales and Marketing for VocalTec Ltd. Prior to that, he served as the President and Chief Executive Officer of RADLINX (a RAD Group company), which was acquired by VocalTec in 1997. Before joining RADLINX, he held senior sales and marketing positions at Lannet Ltd. and Bynet Ltd. Eran holds a B.Sc. from the Technion – Israel Institute of Technology.

Marcio Lempert

Advisory Board Chairman

Over the last 25 years, Marcio Lempert has held top management positions (CEO, SVP, Managing Director, Sales Operations) in hi-tech companies all over the world. Marcio has proven the ability to turnaround, grow profitable business and lead various hi-tech disciplines: Sales, Marketing, R&D, PM, Support, Finance and Operations.Marcio has managed sales & operations for a wide range of products and technologies, such as networking, enterprise software and cyber/IT security.During his last position at Finjan Software Security, Marcio was instrumental in leading the acquisition of the company by M86 Security and subsequently the acquisition by Trustwave in 2012.After 2012, Marcio has been involved in social projects as a volunteer and mentor at several non-for-profit organizations and later served in the position of CEO of Dualis – a Social Investment Fund whose vision is the promotion of social impact through for-profit social businesses.

Hagit Gal, Adv.

Legal Counsel

Hagit leads Safe-T’s legal and compliance activity, providing ongoing legal advice regarding corporate and commercial matters. Hagit brings with her extensive experience from her role at B.S.D. Crown Ltd. (LSE: BSD – formerly, Emblaze Ltd.). At B.S.D., Hagit led several corporate transactions, including mergers and acquisitions, fundraising, IPOs and other equity related offerings of both publicly and privately held companies with an emphasis on the tech sector. In addition, Hagit was responsible for the direction of corporate governance practices and regulatory compliance, structure, negotiation and drafting of commercial agreements, intellectual property, human resources and payroll, investor relations and more. She holds a Bachelor of Laws (LL.B) with major in commercial and civil law from the Academic Center of Law and Science.

Dafna Lipowicz

VP of Human Resources

In her role, Dafna leads all HR activities at Safe-T, including: partnering with management team to advance and support the company’s vision and strategy, developing strategic HR plans and policies (training, compensation and benefits etc.), organizational and managers development, recruitment and welfareDafna brings to Safe-T more than 17 years of experience in various HR managerial roles, in global and complex organizations as well as in growing start-ups (such as SanDisk, Logic industries and Mantis Vision), specializing in establishing and leading HR departments, initiating and building organizational development according to company strategy, management consultant, talent management and recruitment.Dafna holds LLB in and MA in labor studies both from Tel Aviv university. She is also a certified mediator and group facilitator.

Shai Avnit

Chief Financial Officer

Shai Avnit leads Safe-T’s regulatory, corporate governance, and all financials affairs including taxation, accounting, budgeting, cashflows and financing. He has an extensive experience in managing financial, operational, administrative, and regulatory affairs in companies within the medical device, consumer electronics and software fields. He served as a C.F.O. and other leading financial positions in several hi-tech companies, both public and private, Including Card Guard Scientific Survival (currently LifeWatch), Valor Computerized Systems, ProSight, BriefCam and others. He holds a B.A. in Accounting & Economics as well as an M.B.A. with majors in Finance & Marketing, both from Tel Aviv University.

Eitan Bremler

Co-Founder & VP Products and Technology

Eitan Bremler is responsible for overall global Marketing and Product Management activities of Safe-T including product strategy and roadmap, product marketing, positioning, and go-to-market.In addition, Eitan is responsible for working with Safe-T’s strategic customers and technology partners, leading the technology relationships with the company’s service providers, OEM, and business development partners. Eitan brings to Safe-T more than 15 years’ experience in marketing, product marketing and product management roles. Prior to joining Safe-T, he held multiple product management and product marketing positions at Radware and Radvision an Avaya company.

Amir Mizhar

Founder - President & Chief Software Architect

Amir Mizhar is the Chief Software Architect of Safe-T and leads the company's vision, research, and development, delivering the industry’s best enterprise security solutions, while streamlining security into critical business workflows. Prior to founding Safe-T, Amir founded and led eTouchware, acting as chief software architect for an innovative file sharing system with over 500,000 users. As founder and CEO of M-Technologies Amir lead the vision and creation of online collaboration tools, and online merchandising systems for retail markets. Developing commercial software programs since the age of 13, Amir is an expert ethical hacker and currently holds multiple patents in the area of data transfer over communication networks.