CISO Global Announces Pay Off of Highest-Interest Debt, Extends $7M in Convertible Notes

Rhea-AI Summary

CISO Global (NASDAQ: CISO) has announced significant financial restructuring moves, including the payoff of its highest-interest loans and securing extensions on $7 million in convertible notes. The company, specializing in AI-powered cybersecurity software and managed services, reports these actions as part of its strategy to strengthen its balance sheet and improve operational efficiency.

The convertible notes extension was secured through long-standing partners, demonstrating continued confidence in the company's vision. According to CFO Deb Smith, eliminating the high-interest debt removes a growth obstacle and improves cash flow flexibility, supporting their transition to a software-first business model.

These financial developments align with CISO Global's organizational right-sizing efforts and their strategic shift toward a high-margin, software-led and services-supported operational model.

Positive

• Elimination of highest-interest debt burden improving cash flow
• Successful extension of $7M in convertible notes
• Strategic transition to higher-margin software-first business model
• Strong partner confidence demonstrated through note extensions

Negative

• Ongoing need for organizational right-sizing indicates potential restructuring costs
• Continued reliance on convertible notes for financing

Scottsdale, Ariz., March 25, 2025 (GLOBE NEWSWIRE) -- CISO Global, Inc. (NASDAQ: CISO), an industry leader in AI-powered cybersecurity software, managed cybersecurity, and compliance, announced it has successfully paid off its highest-interest loans as part of its ongoing efforts to strengthen its balance sheet and improve operational efficiency.

To further financial stability, CISO Global has also secured extensions on convertible notes totaling $7 million. These notes are held by long-standing partners with close relationships with the company, reflecting continued confidence in the long-term vision and stability of the business.

“Clearing the company’s highest-interest debt removes a significant obstacle to our growth,” said Deb Smith, Chief Financial Officer of CISO Global. “With this burden lifted, we’ve improved our cash flow, giving us the flexibility to accelerate our shift into a more profitable, software-first business model.”

These financial moves come as CISO Global continues to right-size the organization, setting the stage for the Company’s ongoing transition into a high-margin, software-led and services-supported model. With a revitalized balance sheet and a sharpened strategic focus, CISO Global continues to demonstrate its commitment to redefine the cybersecurity landscape while focusing on sustained revenue growth.

About CISO Global, Inc.

CISO Global, Inc. is an industry leader in AI-powered cybersecurity software, managed cybersecurity, and compliance that delivers comprehensive solutions designed to protect organizations from the latest cyber threats. Leveraging cutting-edge technology and industry expertise, CISO Global offers tailored services to ensure the security and compliance of its clients' digital assets.

Organizations seeking guidance on CMMC compliance and cybersecurity best practices can rely on CISO Global’s expertise. For more information, please visit ciso.inc.

Safe Harbor Statement

This news release contains certain statements that may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements include, among others, our belief that we are an industry leader in AI-powered security software, managed cybersecurity, and compliance; our expectation that short-term, high-interest loans will be paid off; our belief that payment of these loans strengthens our balance sheet and improves our operational efficiency; our expectation of securing extensions on seven million dollars of convertibles notes; our belief that these notes are held by long-standing partners with close relationships with the company; our belief that these extensions reflect continued confidence in the long-term vision and stability of our business; our belief that payment of the high-interest debt removes an obstacle to our growth; our belief that our cash flow has improved and that we have the flexibility to shift into a profitable, software-first business model; our belief that we are right-sizing; our belief that we are transitioning into a high-margin, software-led and services-supported model; our commitment to focusing on sustained revenue growth; and our belief that we provide comprehensive cybersecurity solutions to our clients and are an innovator in enterprise cybersecurity. These statements are often, but not always, made through the use of words or phrases such as "believes," "expects," "anticipates," "intends," "estimates," “predict,” "plan," “project,” “continuing,” “ongoing,” “potential,” “opportunity,” "will," "may," "look forward," "intend," "guidance," "future" or similar words or phrases. These statements reflect our current views, expectations, and beliefs concerning future events and are subject to substantial risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. These risks may be detailed from time to time in the reports filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2023. You should not place undue reliance on any forward-looking statements, which speak only as of the date they are made. Except as required by law, we assume no obligation and do not intend to update any forward-looking statements, whether as a result of new information, future developments, or otherwise.

For Media Inquiries:
Hilary Meyers
hilary.meyers@ciso.inc
(480) 389-3444

FAQ

What financial restructuring did CISO Global announce in March 2025?

CISO Global announced paying off its highest-interest loans and securing extensions on $7 million in convertible notes with long-standing partners.

How will paying off high-interest debt benefit CISO Global's operations?

The debt payoff improves cash flow flexibility and removes growth obstacles, enabling CISO Global to accelerate its transition to a more profitable, software-first business model.

What is CISO Global's new strategic direction following the debt restructuring?

CISO Global is transitioning to a high-margin, software-led and services-supported model while right-sizing the organization.

What is the significance of CISO Global's $7M convertible notes extension?

The extension, secured with long-term partners, demonstrates continued confidence in the company's long-term vision and stability.