GlobeX Data Ltd (OTCMKTS:SWISF) Stock Trends Higher: What’s The Buzz?

Leader in Swiss hosted secure communications and data management, GlobeX Data Ltd (OTCMKTS:SWISF) on August 21, 2021, announced the closing of private placement offering for an aggregate of 17,281,416 Units at a price of CA$0.33 per Unit for gross proceeds of CAD$5,705,758.09.

The firm’s CFO and CEO were a part of the private placement with subscriptions of 2, 295,000 units, 15% of the total offering. Financing proceeds would be allocated for continuing acceleration of marketing the firm’s Sekur encrypted email and messaging solutions to the US market. Every unit comprised of common share but the offering was fully subscribed.

Alain Ghiai, CEO of Globex Data said that the demand from investors for the private placement will provide the firm more capabilities for deploying solutions to the US mass consumer market as well as business sectors in the next 2 years.

Ghiai added that the first marketing round has ensured excellent results and the funding will augment the USA marketing budget to US$750,000 for a balance of 2021 and US$2,000,000 for 2022.

The company also confirmed the launch of 100 new billboards for advertising Sekur messaging platform throughout New York City’s transit system. With a total billboard of 156, the display will be done in six New York City subway stations.

They will feature a 15-second commercial promoting Sekur as well as prominently displaying GlobeX ticker symbol.

Ghiai has stressed that security and privacy are extremely important as business and consumer data is mined for a number of reasons.