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Sichenzia Ross Ference LLP Represents A.G.P/Alliance Global Partners in $5.9 Million Registered Direct Offering of Safe-T Group Ltd.

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Press Release – New York, NY – July 22, 2020 – Sichenzia Ross Ference LLP announced today that it represented A.G.P./Alliance Global Partners as sole placement agent in a registered direct offering of Safe-T Group Limited (NASDAQ: “SFET”) for gross proceeds of approximately $5.9 million. The offering provided for the issuance of an aggregate of (i) 3,075,000 American depositary shares (“ADSs”) at a purchase price of $1.40 per ADS, and (ii) 1,145,000 pre-funded warrants each to purchase one ADS (“Pre-Funded Warrants”) at a price of $1.40 each, including the Pre-Funded Warrant exercise price of $0.001 per full ADS. The Pre-Funded Warrants will be exercisable at any time after the date of issuance. 

The offering was made pursuant to SFET’s shelf registration statement on Form F-3 (File No. 333-235367), declared effective by the Securities and Exchange Commission (“SEC”) on December 16, 2019, and the prospectus supplement declared effective by the SEC on July 21, 2020.

The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia and Avital Perlman.