WhiteHawk raises funds to facilitate expansion

By Trevor Hoey. Published at Sep 24, 2018, in Technology

WhiteHawk Ltd (ASX:WHK) is undertaking a non-renounceable entitlement offer to raise up to approximately A$1.6 million (before costs) to assist in funding its growth initiatives, as well as supporting and expanding various product lines.

Management is looking to grow the business through low cost high impact sales channels.

The injection of funds will also assist the company in supporting and expanding the 360 Cyber Risk Framework product lines and the Cybercrime Support Network 211 Hotline which is scheduled for launch in mid-October, including other customer facing partnerships that drive SME business customers in need to the Online Cybersecurity Exchange at scale.

Under the Entitlements Issue, eligible shareholders will be able to subscribe for one new share for every existing two shares they hold as at 20 September 2018 (‘new shares’) together with one free attaching unlisted two year option exercisable at 10 cents for every two ‘new shares’ subscribed.

The price of new shares under the offer is 4.5 cents.

At the same time, it’s worth noting that this is an early stage play and investors should seek professional financial advice if considering this company for their portfolio.

Expanding US presence

This tops off a busy month for WhiteHawk, the first global online cyber security exchange enabling small to medium businesses to take appropriate action against cybercrime and fraud.

The company recently advised that it had a strong pipeline of contract opportunities in the US for its 360 Cyber Risk Framework Review, including the US Government.

The company currently has existing contracts with the US Government and major financial institutions, and it is building on those existing engagements with further 360 Cyber Risk Framework Review proof of value contracts.

WhiteHawk Cyber Risk Frameworks all provide these insights and services in real time to customers, ensuring that their supply chain companies have foundational cyber security products and services in place that can prevent and mitigate cybercrime and fraud events which result from one of their supply chain companies.


Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.


SEE THE PORTFOLIO

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X