Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE ISSUED BY CYREN LTD. ON FEBRUARY 11, 2021 - CYREN Ltd. | ea135591ex99-1_cyren.htm |
| EX-10.2 - ENGAGEMENT AGREEMENT, DATED FEBRUARY 10, 2021, BY AND BETWEEN CYREN LTD. AND H.C - CYREN Ltd. | ea135591ex10-2_cyren.htm |
| EX-10.1 - FORM OF SECURITIES PURCHASE AGREEMENT, DATED FEBRUARY 11, 2021, BY AND AMONG CYR - CYREN Ltd. | ea135591ex10-1_cyren.htm |
| EX-4.1 - FORM OF PLACEMENT AGENT WARRANT - CYREN Ltd. | ea135591ex4-1_cyren.htm |
| 8-K - CURRENT REPORT - CYREN Ltd. | ea135591-8k_cyrenltd.htm |
Exhibit 5.1
|
Yigal Arnon (1929-2014) Dror Vigdor Amalia Meshi Amnon Lorch Hagai Shmueli Barry Levenfeld David H. Schapiro Hagit Bavly Orna Sasson Barak Tal Shiri Shaham Doron Tamir Daniel Abarbanel David Osborne Gil Oren Ronit Amir Yaniv Orly Tsioni Mordehai Baicz Barak Platt Benjamin Horef Yoran Gill Asaf Eylon Daniel Marcovici Adrian Daniels Yuval Shalheveth Jacob Ben Chitrit Peter Sugarman Ben Sandler Boaz Fiel Joeri Kreisberg Simon Weintraub Ruth Loven Yarom Romem Adam Spruch Yuval Bargil Eliran Furman |
Eran Lempert Ofir Levy Hanital Belinson Yoheved Novogroder Odelia Sidi Shira Lahat Micki Shapira Eran Zach Ido Chitman Aner Hefetz David Akrish Nir Rosner Assaf Mesica Liron Hacohen Guy Fuhrer Ezra Gross David Roness Eli Greenbaum Lee Maor Guy Sagiv Shani Rapoport Lior Gelbard Keren Tal Naftali Nir Yael Hoefler Sagi Schiff Netanella Treistman Daniel Damboritz Yulia Lazbin Joshua Lieberman Roy Masuri |
Avi Anouchi Sivan Gilron Dotan Tomer Bar-Nathan Edan Regev Gitit Ramot-Adler Guy Kortany Goor Koren Nir Rodnizky Michal Sagmon Hila Rot Neta Goshen Chen Lanir Daphna Livneh Tamar Gilboa Alona Toledano Yuval Shamir Lihi Katzenelson Shahar Uziely Yehudit Biton Omri Schnaider Rinat Michael Adi Attar Daniella Milner Amos Oseasohn Ofir Paz Adi Daniel Dafna Shaham Miriam Friedmann Roni Osborne Shir Eshkol Noam Shochat |
Noa Slavin Guy Fatal Itamar Cohen Yonatan Whitefield Moshe Lankry Shira Teger Rachel Lerman Ravid Saar Sophie Blackston Elad Morgenstern Sara Haber Carmel Nudler Shmuel Brill Ben Nachshon Yehonatan Cohen David Shmulevitz Tair Cherbakovsky Ophir Dagan Guy Ziv-Shalom Lior Cohen Goldstein Liad Kalderon Nataly Damary Shiran Glitman Dani Weissberg Lareine Khoury Nohar Hadar Nitzan Kahana Tali Har-Oz Tal Alon Ohad Sarusi Mor Ido |
Nechemia Englman Tomer Tako Moshe Pasker Mazi Ohayon Nitzan Fisher-Conforti Victoria Savu Derora Tropp Hila Amiel Chaim Cohen Michal Mor Daniel Siso Shalhevet Hetli Maytal Spivak Avraham Schoen Elan Loshinsky Ariel Even Josh Hauser Eitan Cohen Itai Guttel Dror Kanarik Sarig Royi Heilig Maor Alev Tamar Drori Vered Glaubach Yair Taitelbaum Gabi Priel Regina Pevzner Igal Lavi Maor Layani Areen Nashef Ido Zahavi Guy Yarom Inbar Rosenthal |
Hadar Stein Avital Salzman Rotem Cohen Idan Adar Shahar Iluz Itay Ashkenazi Roei Brizel Ido Sella Evyatar Latz Hadil Nassif Khawand Ran Aziel Dima Trostianesky Stav Orenstein Avia Ickovics Liron Soffer Danielle Gabrieli Lior Hochshtadt Sagi Shemesh ofek Sinai Shmuel Ofen Or Perel Katya Kagantsov Uri Galatt Yarden Weber
Gidon Weinstock Of Counsel Roy Keidar Of Counsel Tamar Tavory Of Counsel Paul H. Baris (1934-2010) Rami Kook Nira Kuritzky Eran Ilan |
Tel Aviv | February 16, 2021
Cyren Ltd.
10 Ha-Menofim St., 5th Floor
Herzliya, 4672561
Israel
Dear Sir and Madam:
We have acted as Israeli counsel to Cyren Ltd., (the “Company”) in connection with the issuance and sale by the Company in a registered direct offering (the “Offering”) of an aggregate of 120,000,000 ordinary shares, NIS 0.15 par value per share of the Company (the “Ordinary Shares” and, such number of Ordinary Shares issued and sold in the Offering, the “Offered Shares) being offered by the Company, pursuant to the terms of a securities purchase agreement dated February 11, 2021, between the Company and the Purchasers (the “Agreement”). The Offering Shares are being issued pursuant to a registration statement on Form S-3 (Registration Statement No. 333-233316) (the “Registration Statement”) filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”), the prospectus dated August 16 2019, and the prospectus supplement dated February 11, 2021 and any related prospectus or prospectuses, if any, filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations of the Securities Act.
As counsel to the Company in Israel, we have examined copies of the Amended and Restated Articles of Association of the Company and such corporate records, instruments, and other documents relating to the Company and such matters of law as we have considered necessary or appropriate for the purpose of rendering this opinion. In such examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, and the conformity to authentic originals of all documents submitted to us as copies.
1 Azrieli Center, Tel Aviv, 6702101 | Phone: +972-3-6087777 | Fax: +972-3-6087724
31 Hillel Street, Jerusalem, 9458131 | Phone: +972-2-6239239 | Fax: +972-2-6239233
www.arnon.co.il | info@arnon.co.il
Based on the foregoing, we advise you that in our opinion, the Ordinary Shares are duly authorized, legally issued, fully-paid and non-assessable.
We are members of the Israeli bar, and the opinions expressed herein are limited to questions arising under the laws of the State of Israel, and we disclaim any opinion whatsoever with respect to matters governed by the laws of any other jurisdiction.
We hereby consent to the use of this opinion as Exhibit 5.1 to the Company’s Current Report on Form 8-K to be filed with the Commission on February 16, 2021, which will be incorporated by reference in the Registration Statement, and to the reference to us under the caption “Legal Matters” in the prospectus included in the Registration Statement. In giving such consent, we do not thereby concede that we are within the category of persons whose consent is required under Section 7 of the Act or the Rules and Regulations of the Commission thereunder.
| Sincerely, | |
| /s/ Yigal Arnon & Co. | |
| Yigal Arnon & Co. |
1 Azrieli Center, Tel Aviv, 6702101 | Phone: +972-3-6087777 | Fax: +972-3-6087724
31 Hillel Street, Jerusalem, 9458131 | Phone: +972-2-6239239 | Fax: +972-2-6239233
www.arnon.co.il | info@arnon.co.il