OneSpan Inc. Announces Final Results of Tender Offer

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OneSpan Inc. (Nasdaq: OSPN) (“OneSpan” or the “Company”) today announced the final results of its modified “Dutch auction” tender offer, which expired at 12:00 midnight, at the end of the day, New York City time, on December 11, 2023.

Based on the final count by Broadridge Corporate Issuer Solutions, LLC, the depositary for the tender offer, in accordance with the terms and conditions of the tender offer, the Company has accepted for payment a total of 2,380,952 shares of the Company’s common stock, at a final purchase price of $10.50 per share, for an aggregate cost of approximately $25.0 million, excluding fees and expenses relating to the tender offer. These shares represent approximately 6% of the Company’s outstanding common stock as of November 9, 2023. The Company has been informed by the depositary that, after giving effect to “Odd-Lot” priority, the final proration factor for the tender offer is approximately 74%. The depositary will promptly pay for all shares accepted for payment.

B. Riley Securities, Inc. acted as the dealer manager for the tender offer and Broadridge Corporate Issuer Solutions, LLC served as the information agent.

About OneSpan

OneSpan helps organizations accelerate digital transformations by enabling secure, compliant, and refreshingly easy customer agreements and transaction experiences. Organizations requiring high assurance security, including the integrity of end-users and the fidelity of transaction records behind every agreement, choose OneSpan to simplify and secure business processes with their partners and customers. Trusted by global blue-chip enterprises, including more than 60% of the world’s largest 100 banks, OneSpan processes millions of digital agreements and billions of transactions in 100+ countries annually.

For more information, go to www.onespan.com. You can also follow @OneSpan on Twitter or visit us on LinkedIn and Facebook.

FORWARD-LOOKING STATEMENTS

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