Item 7.01 Regulation FD Disclosure
On August 3, 2022, the Cyren Ltd. (the "Company") issued a press release
announcing it had completed the sale of its legacy secure email gateway business
for a total purchase price of EUR 10,000,000 in cash, subject to customary
post-closing adjustments (the "Transaction"). A copy of the press release is
attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
by reference herein. The information set forth in this Item 7.01 and Exhibit
99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed to
be incorporated by reference in any filing under the Securities Act of 1933, as
amended (the "Securities Act"), or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing.
Cautionary Statements Regarding Forward-Looking Information
This Report contains forward-looking statements within the meaning of the
Securities Act and the Exchange Act, including, but not limited to, statements
about the Transaction. Forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from those
expected. In addition to risks and uncertainties disclosed in the Company's
other reports it files with the Securities and Exchange Commission, these risks
and uncertainties include, but are not limited to, the ability to consummate the
proposed transaction; the ability to obtain third party approvals with respect
to the transaction; the possibility that some or all of the conditions to the
closing of the transaction may not be satisfied or waived; and the effects of
disruption from the transaction on our business in general. Investors should
consider these factors before deciding to make or maintain an investment in the
Company's securities. The forward-looking statements included in this Report are
based on information available to the Company as of the date of this Report. The
Company expressly disclaims any intent or obligation to update any
forward-looking statements to reflect subsequent events or circumstances.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
99.1 Cyren Ltd. Press Release dated August 3 , 2022
Cover Page Interactive Data File (formatted as inline XBRL and contained in
104 Exhibit 101)
© Edgar Online, source Glimpses