00:42:04 EDT Fri 25 Jun 2021
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or Name

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Nubeva Technologies Ltd
Symbol NBVA
Shares Issued 56,790,705
Close 2021-04-06 C$ 0.87
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ORIGINAL: Nubeva Technologies arranges $1.5-million financing

2021-04-06 20:27 ET - News Release

Received by email:

File: '\\doc\emailin\20210406 171656 Attachment 53608484_2_NBVA - News Release - Private Placement April 2021 (announc


For More Information:
Juliet Jones


Nubeva Announces $1,500,000 Private Placement
SAN JOSE, Calif., April 6, 2021 - Nubeva Technologies Ltd. (TSX-V:NBVA) ("Nubeva" or the "Company"), a developer of de
--->cryption software that broadens network traffic security and visibility, is pleased to announce a non-brokered private
---> placement of units ("Units") for gross proceeds of up to $1,500,000 (the "Offering"). All dollar amounts in this news
---> release are stated in Canadian Dollars.
The Offering shall consist of up to 2,929,688 Units at a price of $0.512 per Unit. Each unit shall consist of one comm
--->on share in the capital of the Company ("Common Share") and one half of one Common Share purchase warrant ("Warrant"),
---> each whole Warrant entitling the holder to acquire one Common Share at a price of $0.80 per Common Share for a period
---> of up to three years.  If at any time subsequent to the date which is four months and a day from completion of the Of
--->fering, the closing price of the Common Shares as quoted on TSX Venture Exchange for any ten consecutive trading days 
--->is equal to or exceeds $1.60 per Common Share, the Company may provide notice to the holders of the Warrants by issuan
--->ce of a press release that the expiry date of the Warrants will be accelerated to the 30th day after the date on which
---> the Company issues such press release. 
There are no fees associated with this Offering. The proceeds from the offering will be used for general working capit
--->al purposes.
The Offering will be completed pursuant to certain exemptions from the prospectus requirements under applicable securi
--->ties law. The Offering is subject to the acceptance of the TSX Venture Exchange, and the securities issued will be sub
--->ject to the required 4-month hold period. 

About Nubeva Technologies Ltd.

Nubeva develops and licenses proprietary software for the decryption of network traffic. Nubeva's next-generation SKI 
--->(Session Key Intercept) technology represents a better, faster, easier, and lower-cost alternative to legacy decryptio
--->n. Our solution provides a complete option for manufacturers, integrators, and managed services providers of cybersecu
--->rity and application assurance solutions. Today, nearly all network traffic uses TLS (formerly SSL) for security and p
--->rivacy, yet enterprises still must see the data-in-motion to detect and respond to cybersecurity threats and applicati
--->on performance issues. With constant evolution in TLS protocols and the advancements in application, network, and comp
--->uting architectures, gaps continue to grow in the legacy decryption methods. Nubeva's SKI technology represents the ne
--->xt-generation solution for the industry moving forward. Visit nubeva.com for more information.

Forward-Looking Statements 
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to 
--->the Offering, the Company's business plans and the outlook of the cybersecurity industry. Although the Company believe
--->s in light of the experience of its officers and directors, current conditions and expected future developments and ot
--->her factors that have been considered appropriate that the expectations reflected in this forward-looking information 
--->are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will p
--->rove to be correct. Actual results and developments may differ materially from those contemplated by these statements.
--->  The statements in this press release are made as of the date of this release and the Company assumes no responsibili
--->ty to update them or revise them to reflect new events or circumstances other than as required by applicable securitie
--->s laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties 
--->in respect of the Company, its subsidiaries, their securities, or their respective financial or operating results (as 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. 

For additional information, please contact: 
Nubeva Technologies Ltd.
Juliet Jones, Chief Financial Officer
1-(844) 538-4638 

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