• WhiteHawk Limited has entered into an agreement with Lind Global Fund II, LP for an initial investment of A$500,000.
• The investment could increase up to A$1 million later, subject to mutual agreement.
• Lind's investment is a prepayment for ordinary fully paid shares.
• The funds will support WhiteHawk's growing pipeline of cyber risk contract opportunities.
• WhiteHawk will engage Executive Strategy Group (ESG) to accelerate revenue growth in the US and expand into Australia.
• ESG has a track record of helping technology companies increase top-line growth, such as taking one client from pre-sales to US$7M in two years.
• WhiteHawk will focus on sales channels that provide access to numerous pre-existing clients, such as consulting companies, insurance providers, and financial institutions.
• Internal Research and Development (R&D) activities will align with the Sales Growth Blueprint to enable automated scale-up.
• Subject to shareholder approval, WhiteHawk will issue 12,500,000 unlisted 3-year options to Lind at a 2c exercise price.
• Viaticus Capital arranged the private placement and will receive a 1% transaction management fee.
• The company will issue 15,000,000 ordinary shares to the investor upon receipt of the advance payment.
• The investor can request share issuance at A$0.02 per share for the first 120 days.
• Share issuance is limited to $60,000 per month at Price B for months 6-12, with an option to increase to A$150,000 for two months.
• The company has the right to buy back the investment amount outstanding.

Score: 7

Explanation: The announcement is generally positive, highlighting a new investment and growth plans. However, there are some potential risks associated with shareholder approval and share dilution.

• WhiteHawk secures an initial A$500,000 investment from Lind Global Fund II, LP.
• The investment may increase up to A$1 million.
• Proceeds will be used to support cyber risk contract opportunities and expansion in the US and Australia.
• WhiteHawk will partner with Executive Strategy Group (ESG) to accelerate revenue growth.
• The company will issue 12,500,000 unlisted 3-year options to Lind at a 2c exercise price, subject to shareholder approval.
• Viaticus Capital arranged the private placement and will receive a 1% transaction management fee.
• The company will issue 15,000,000 ordinary shares to the investor upon receipt of the advance payment.

• The investment provides WhiteHawk with working capital to pursue growth opportunities in the US and Australia.
• Partnering with ESG could significantly boost revenue growth.
• Focusing on established sales channels could provide access to a large number of potential clients.
• The company has the option to buy back the investment amount outstanding, providing flexibility.
• The agreement allows for potential future investment of an additional A$500,000.

• The company is issuing shares and options, which could dilute existing shareholders' equity.
• Shareholder approval is required for the issuance of options.
• The investor has certain limitations on share issuance requests.
• The company will pay a 4.0% fee of the Funded Amount (AU$20,000) will be deducted via offset of funds advanced.

• Failure to obtain shareholder approval for the option issuance could impact the agreement.
• The success of the growth strategy depends on the effectiveness of the partnership with ESG.
• The company's ability to scale up and automate its processes is crucial for achieving its growth objectives.
• The investor has certain limitations on share issuance requests.

WhiteHawk aims to leverage the investment to expand its business development efforts in the US and Australia, focusing on growing sales and increasing annual recurring revenue through automated cyber risk review products.

• Terry Roberts, Executive Chair, highlighted the need for increased sales and annual recurring revenue, including growth in the Australian market.
• Jeff Easton, founder of The Lind Partners, sees next-generation cybersecurity SaaS solutions as an essential part of any compelling investment portfolio and supports WhiteHawk's continued expansion and growth.

The announcement reflects the growing importance of cybersecurity solutions, particularly SaaS offerings, in addressing digital age risks for businesses of all sizes. The investment aligns with the trend of increasing demand for automated and scalable cyber risk assessment tools.

• ESG's track record of taking one client from pre-sales to US$7M in sales within two years and another from US$2M to US$10M demonstrates a strong ability to drive revenue growth, which is a key benchmark for success in the technology sector.
• Comparing WhiteHawk's growth trajectory and market penetration to similar cybersecurity SaaS companies like CrowdStrike, Okta, or Zscaler could provide further insights into its performance and potential.

• Shareholders may experience dilution due to the issuance of new shares and options.
• Employees may benefit from increased job security and growth opportunities as the company expands.
• Customers can expect improved and expanded cybersecurity solutions.
• Suppliers may see increased demand for their products and services.
• Creditors may view the investment as a positive sign of the company's financial stability.

• Obtain shareholder approval for the issuance of options at the next General Meeting.
• Engage with Executive Strategy Group (ESG) to develop and implement a Sales Growth Blueprint.
• Focus on sales channels that provide access to numerous pre-existing clients.
• Align internal Research and Development (R&D) activities with the Sales Growth Blueprint.

• 2018: WhiteHawk launched with financing.
• Within 75 days: Next General Meeting to be held to obtain shareholder approval for option issuance.
• 120 days: Investor can only request share issuance at Price A.
• 90 days: The Investor and the Company may agree to fund additional A$500,000 on same terms, upon mutual agreement after 90 days, or any other time upon mutual agreement.
• 24 months: Subscription Shares will be issued within 24 months from the date of the Advance Payment.
• 36 months after issue: Expiration date of the unlisted options.