- Reklaim announced financing with gross aggregate proceeds of up to $1 million; the company intends to use the net proceeds to capitalize on a favorable market environment as data privacy gains momentum
- When California introduced the California Consumer Privacy Act (“CCPA”) in 2018, it set an example for other U.S. states that followed suit, enacting their own privacy laws
- As new laws enforce additional requirements for brands and businesses regarding their data privacy practices, new opportunities will continue to emerge for companies like Reklaim
Reklaim (TSX.V: MYID) (OTCQB: MYIDF), a company focused on enabling consumers to reclaim their online information and monetize it, announces a non-brokered financing that involves a common share offering with gross aggregate proceeds of up to $1 million (https://ibn.fm/6ROPK). The company will seek to use the net proceeds for acquisition, sales growth, and general corporate purposes amid a favorable data privacy environment as an impetus on protecting data privacy gains momentum across the country.
California is upping the data privacy game for businesses that have access to consumers’ personal information as the new California Privacy Rights Act (“CPRA”) goes into effect on January 1, 2023, applying to personal data collected on or after…
NOTE TO INVESTORS: The latest news and updates relating to MYIDF are available in the company’s newsroom at https://ibn.fm/MYIDF
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