CYBERGUN updates its share capital and voting rights

CYBERGUN announced, on April 10, 2024, the total number of shares and voting rights of its share capital, thus complying with the regulations of the Financial Markets Authority. As of March 31, 2024, the company had 109,012,638 shares and 118,843,578 exercisable voting rights.

The company also shared details of shares issued each month since January 2024 under its ORABSA financing program. A total of 37,007,619 new shares were added to the company's capital during the first quarter through this program.

The financing transaction, including ORA-BSA and ORNAN mechanisms, involves potential dilution for existing shareholders and possible downward pressure on the share price. CYBERGUN warns investors of the risks associated with such dilutive financing, while emphasizing their role in its financing strategy.