19:43:44 EDT Sat 14 Jun 2025
Enter Symbol
or Name
USA
CA



Integrated Cyber Solutions Inc
Symbol ICS
Shares Issued 61,704,833
Close 2025-06-13 C$ 0.25
Market Cap C$ 15,426,208
Recent Sedar Documents

Integrated Cyber closes $500,000 private placement

2025-06-14 02:36 ET - News Release

Mr. Alan Guibord reports

INTEGRATED CYBER CLOSES NON-BROKERED PRIVATE PLACEMENT

Further to the press release of May 23, 2025, Integrated Cyber Solutions Inc. has completed its previously announced offering of the sale of securities, on a private placement basis, for gross proceeds of $500,000. The company sold a total of 500 convertible debenture units of the company at a price of $1,000 per CD unit, for aggregate gross proceeds of $500,000.

Each CD unit is composed of: (i) one $1,000 principal amount unsecured convertible debenture; and (ii) 2,000 common share purchase warrants. The convertible debentures sold pursuant to the offering will mature on the two-year anniversary of the date of issuance thereof unless extended by one additional year at the sole discretion of the company and, subject to prior conversion or prepayment in accordance with their terms, will be repaid in cash at the maturity date. Each CD warrant sold pursuant to the offering is exercisable to acquire one common share in the capital of the company at an exercise price of 25 cents per warrant share for a period of three years from the date of issuance thereof. From the date of issuance until their maturity date, holders of convertible debentures may elect to convert, in whole or in part, the face value of the convertible debentures into common shares in the capital of the company at a conversion price equal to 25 cents. At any time prior to the maturity date, if the 15-day volume-weighted average price of the common shares on the Canadian Securities Exchange (or such other Canadian stock exchange on which the greatest volume of common shares is traded) meets or exceeds 75 cents, the company shall have the option, but not the obligation, at any time thereafter to convert any non-converted and remaining face value of the convertible debentures into common shares at the conversion price.

The convertible debentures shall bear interest at a rate of 20.0 per cent per annum from the date of issue, payable on the earlier of the maturity date, the date of conversion of the convertible debenture or the date of repayment of the convertible debenture, as applicable, in cash. Interest shall be computed on the basis of a 360-day year composed of 12 30-day months.

The convertible debentures and CD warrants are subject to a statutory hold period of four months and one day from their date of issuance. For further details concerning the offering, see the prior press release.

About Integrated Cyber Solutions Inc.

Integrated Cyber is a global managed security service provider leading a paradigm shift in cybersecurity by putting people at the centre of defence. Focusing on small to medium businesses and enterprises, Integrated Cyber delivers comprehensive training and awareness programs that empower employees to become the first line of defence against cyber threats. By integrating behavioural intelligence with advanced technology, the company addresses the most critical vulnerabilities rooted in human behaviour, transforming cybersecurity from a purely technical challenge into a people-driven solution.

Through its IC360 platform and a network of strategic global partnerships, Integrated Cyber consolidates complex cybersecurity data into clear, actionable insights that empower employees and simplify security management. Its solutions combine artificial-intelligence-driven threat detection, behaviour-based training and real-time intelligence, helping clients build resilient human firewalls.

With expanding operations across the Middle East, Africa and South Asia, including recent partnerships in the United Arab Emirates, India and Sri Lanka -- Integrated Cyber is rapidly scaling its international footprint. The company partners with local experts and institutions to tailor its solutions to diverse cultural, regulatory and threat landscapes, positioning itself as the first-to-market provider of behaviour-focused cybersecurity in many emerging regions.

Integrated Cyber is committed to transforming cybersecurity from a technical issue into a people-first mission -- simplifying the complex and empowering organizations to thrive securely in a digital world.

We seek Safe Harbor.

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