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Company raises more than $2 million from proceeds received as a result of the exercise of warrants covering 1,838,952 shares of common stock
August 24, 2009
1 Min Read
LOS ANGELES, Aug. 18 /PRNewswire-FirstCall/ -- CyberDefender (http://www.cyberdefender.com/) (OTC Bulletin Board: CYDE), an award-winning provider of PC security, Antispyware/Antivirus Software, PC Optimization, PC Support, and Identity Theft Prevention solutions, today announced the final results of its tender offer, which expired at 9:00 p.m., Pacific time, on August 17, 2009. The offer was made to holders of warrants that included certain anti-dilution and cashless exercise provisions.
The Company raised a total of $2,081,016 from proceeds received as a result of the exercise of warrants covering 1,838,952 shares of common stock. Fifty-two holders of the warrants which were the subject of the tender offer exercised the warrants in accordance with the terms of the offer and did not withdraw prior to the expiration of the offer. Of the amount raised, we paid a fee to our placement agent, 1st Worldwide Financial Partners, of $72,836.
About CyberDefender Corporation
CyberDefender Corporation, based in Los Angeles, believes that its Internet security technology offers the earliest possible detection and most aggressive defense against Internet security attacks. CyberDefender uses a patent pending secure peer-to-peer collaborative threat protection network (the earlyNETWORK), to combat spyware, viruses and identity theft.
Products employing the earlyNETWORK include CyberDefender Early Detection Center and MyIdentityDefender. CyberDefender also offers PC optimization utilities and Live Premium Technical Support services. CyberDefender products are fully compatible with Microsoft's Vista Operating system and available at http://www.cyberdefender.com. To date, more than 15 million consumers have used CyberDefender products.
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