WhiteHawk completes $4.5m IPO

Shares in US-focused cybersecurity company WhiteHawk will begin trading on the ASX tomorrow after the company completed a $4.5 million initial public offering using Perth brokers and advisers.

WhiteHawk has issued 22.5 million shares at 20 cents each, with Patersons Securities acting as the lead manager, Steinepreis Paganin as legal adviser and RSM as investigating accountant.

The company's corporate adviser was Viaticus Capital, which is led by Perth-raised and Washington DC-based Gavin Rezos.

The company’s primary asset is a cybersecurity exchange, which has been developed in the US through WhiteHawk CEC, which the new business will acquire.

The exchange creates a cyber risk profile for individual businesses and matches them with product and solution sets.

The US company was founded in 2014 by newly appointed WhiteHawk chief executive and chairman Terry Roberts.

Ms Roberts has been in the national security and cyber intelligence field for more than 35 years, including as a US naval intelligence offer, a Department of Defence senior executive and as a cyber engineering executive.

Non-executive director Phil George, who recently worked as operations manager for Uber Australia, said the company had a strong foundation to build off.

“WhiteHawk US has to date supplemented the development of the WhiteHawk exchange with offline advisory services, providing advice to large Fortune 1000 companies that contract with US government agencies to provide advice on strategic cybersecurity issues and introducing them to vendors suitable for their cybersecurity needs and those of their clients, for which WhiteHawk US has received commissions or fees,” he said

“This has enabled WhiteHawk US to gain valuable insights that assist in the development and advancement of its online WhiteHawk exchange.”