TechMediaBreaks – Data443 Risk Mitigation Inc. (ATDS) Announces Financial Transactions to Secure Growth Capital, Retire Debt

Data443 Risk Mitigation (OTC: ATDS), a data security and privacy software company for “All Things Data Security,” has completed a series of transactions resulting in $1.5 million in growth capital for the company; the funds also allow the company to retire some outstanding debt obligations. According to the announcement, the transactions comprised of a direct investment of $1.5 million, exchanging of an outstanding note for a new note with new terms and the release of specific security interests on portions of the company’s assets. The company noted that these transactions align with its goal to reduce debt and improve debt terms, which will provide flexibility for the company to complete outstanding technology acquisitions and work toward its objective of uplisting on a major stock exchange. The announcement noted that Dawson James Securities Inc. acted as the sole placement agent. “We are pleased with the outcome of our debt refinancing efforts, which represents a very productive step in assuring our long-term viability and delivering shareholder value,” said Data 443’s CEO and founder Jason Remillard in the press release. “We appreciate the efforts of all parties to complete the transactions at terms that align and benefit all parties. Notwithstanding the persisting market uncertainties, we raised the funds necessary to facilitate and close accretive transactions while retiring debt. Importantly, this debt retirement positively impacts our shareholder equity ratio, a critical factor in meeting the prerequisites for a listing on a premier stock exchange.”

To view the full press release, visit https://ibn.fm/5XjJI

About Data443 Risk Mitigation, Inc. 

Data443 Risk Mitigation provides software and services to enable secure data across devices and databases, at rest and in flight/in transit, locally, on a network or in the cloud. ATDS is All Things Data Security(TM). With more than 10,000 customers in more than 100 countries, Data443 provides a modern approach to data governance and security by identifying and protecting all sensitive data regardless of location, platform or format. The company’s framework helps customers prioritize risk, identify security gaps and implement effective data-protection and privacy-management strategies. For more information about the company, please visit www.Data443.com.

NOTE TO INVESTORS: The latest news and updates relating to ATDS are available in the company’s newsroom at https://ibn.fm/ATDS

About TechMediaWire

TechMediaWire (“TMW”) is a tech-focused financial news and content distribution company, one of 50+ brands within IBN, providing: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a specialized communications platform with an extensive team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public tech companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By putting a spotlight on the latest and greatest in the tech industry, TMW brings its clients unparalleled visibility, recognition and brand awareness. TMW is where investors come to learn about the next big things in tech and the companies that are making them happen.

To receive SMS text alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.TechMediaWire.com

Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://TechMediaWire.com/disclaimer

TechMediaWire (TMW)
Los Angeles, CA
www.TechMediaWire.com
212.418.1217 Office
Editor@TechMediaWire.com

TechMediaWire is part of IBN.