DGAP-News

cyan successfully completes capital increase with full placement and issue proceeds of EUR 8 million

DGAP-News: cyan AG / Key word(s): Capital Increase/Miscellaneous cyan successfully completes capital increase with full placement and issue proceeds of EUR 8 million 22.09.2021 / 08:30 The issuer is solely responsible for the content of this announcement. cyan successfully completes capital increase with full placement and issue proceeds of EUR 8 million

Munich, September 22, 2021 - cyan AG successfully placed all 2,481,686 new shares offered in the capital increase with subscription rights. The majority of shares were subscribed by existing shareholders by exercising their statutory subscription rights. The new shares could be subscribed at a subscription ratio of 4 to 1 with a subscription price of EUR 3.22. The remainder of around 44% was acquired by interested investors in a significantly oversubscribed private placement. The company received a total of EUR 7,991,028.92 from the capital increase. The share capital of the company was thereby increased from EUR 9,926,745.00 to EUR 12,408,431.00. The cash inflow will be used to implement the restructuring strategy with a focus on cybersecurity.

Michael Sieghart, CFO of cyan AG: "We are very grateful to our shareholders for the trust they have placed in us and consider this to be a confirmation of the strategy we have outlined. With the proceeds from the capital increase, we receive the necessary financial leeway to be able to implement the transformation."

cyan AG will set its focus in the future on recurring revenues from cybersecurity products for telecom companies. For the BSS/OSS segment, all options including a sale are being examined. The restructuring also includes a comprehensive cost reduction program with the aim of becoming profitable in the Group in 2022.

About cyan

cyan AG is a leading, globally active provider of intelligent cyber security solutions and platforms (BSS/OSS) for telecom companies with more than 15 years of experience in the IT industry. The company's main business areas are IT security solutions for end customers of mobile and fixed network internet providers (MNO, ISP), mobile virtual network operators (MVNO) and financial service providers. The solutions provided by cyan are integrated as white label product into the infrastructure of the business partners, who then offer them to their end customers in a B2B2C model, under their own brand.