CISO Global Files Significantly Reduced S-3 Shelf Registration
CISO Global (NASDAQ: CISO) has announced the filing of a reduced S-3 shelf registration, significantly decreasing the total shelf from $300 million to $100 million. The company has also substantially reduced its At-The-Market (ATM) offering component from $100 million to approximately $10 million.
The renewal follows the company's previous commitment to Nasdaq during a compliance period when it temporarily fell below required stockholders' equity levels. CEO David Jemmett emphasized that while the registration ensures Nasdaq compliance, the company has no immediate plans to utilize the ATM facility.
CISO Global (NASDAQ: CISO) ha annunciato la presentazione di una registrazione ridotta del tipo S-3 shelf, diminuendo significativamente il plafond totale da 300 milioni di dollari a 100 milioni di dollari. Inoltre, la società ha fortemente ridotto la componente dell'offerta At-The-Market (ATM) da 100 milioni di dollari a circa 10 milioni di dollari.
Il rinnovo segue l'impegno precedente preso con Nasdaq durante un periodo di conformità in cui temporaneamente il patrimonio netto richiesto è sceso sotto i livelli previsti. Il CEO David Jemmett ha sottolineato che, sebbene la registrazione garantisca la conformità a Nasdaq, la società non ha piani immediati di utilizzare la struttura ATM.
CISO Global (NASDAQ: CISO) ha anunciado la presentación de un registro reducido S-3 shelf, disminuyendo significativamente el total disponible de 300 millones de dólares a 100 millones de dólares. La compañía también ha reducido considerablemente la parte de la oferta At-The-Market (ATM) de 100 millones de dólares a aproximadamente 10 millones de dólares.
La renovación sigue al compromiso previo de la empresa con Nasdaq durante un periodo de cumplimiento en el que temporalmente estuvo por debajo de los niveles requeridos de patrimonio neto. El CEO David Jemmett destacó que, aunque el registro asegura el cumplimiento con Nasdaq, la compañía no tiene planes inmediatos de utilizar la facilidad ATM.
CISO Global (NASDAQ: CISO)는 S-3 셸프 등록을 축소하여 전체 한도를 3억 달러에서 1억 달러로 크게 줄였다고 발표했습니다. 또한 회사는 At-The-Market(ATM) 공모 규모를 1억 달러에서 약 1,000만 달러로 대폭 축소했습니다.
이번 갱신은 회사가 일시적으로 요구되는 주주 자본 수준 아래로 내려갔던 준수 기간 동안 Nasdaq에 약속했던 사항을 따른 것입니다. CEO 데이비드 젬멧은 이 등록이 Nasdaq 준수를 보장하지만, 회사는 즉시 ATM 시설을 활용할 계획이 없다고 강조했습니다.
CISO Global (NASDAQ : CISO) a annoncé le dépôt d’un enregistrement réduit de type S-3 shelf, réduisant significativement le plafond total de 300 millions de dollars à 100 millions de dollars. L’entreprise a également considérablement diminué la composante de l’offre At-The-Market (ATM) de 100 millions de dollars à environ 10 millions de dollars.
Ce renouvellement fait suite à l’engagement précédent de la société auprès de Nasdaq durant une période de conformité où elle était temporairement en dessous des niveaux requis de capitaux propres. Le PDG David Jemmett a souligné que bien que cet enregistrement assure la conformité avec Nasdaq, la société n’a pas de plans immédiats pour utiliser la facilité ATM.
CISO Global (NASDAQ: CISO) hat die Einreichung einer reduzierten S-3 Shelf-Registrierung bekannt gegeben und die Gesamtsumme von 300 Millionen auf 100 Millionen US-Dollar deutlich verringert. Das Unternehmen hat auch den Anteil des At-The-Market (ATM)-Angebots von 100 Millionen auf etwa 10 Millionen US-Dollar erheblich reduziert.
Die Erneuerung folgt dem vorherigen Engagement des Unternehmens gegenüber der Nasdaq während einer Compliance-Phase, in der das erforderliche Eigenkapital vorübergehend unterschritten wurde. CEO David Jemmett betonte, dass die Registrierung die Nasdaq-Konformität sicherstellt, das Unternehmen jedoch keine unmittelbaren Pläne hat, die ATM-Einrichtung zu nutzen.
- None.
- Previous non-compliance with Nasdaq stockholders' equity requirements
- Potential future dilution risk if shelf registration is utilized
Reaffirms Commitment to Transparency; No Immediate Plans to Utilize ATM or Shelf Registrations
Scottsdale, AZ, June 27, 2025 (GLOBE NEWSWIRE) -- CISO Global (NASDAQ: CISO), a leader in AI-powered cybersecurity software and compliance services, announced it has filed the renewal of its S-3 shelf registration, reducing the total shelf from
This renewal follows through on the company's prior commitment to Nasdaq, made during a previous compliance period when CISO Global temporarily fell below the required levels of stockholders’ equity. The renewal maintains the shelf registration primarily as a contingency measure, aligning with Nasdaq’s guidelines and significantly reducing associated filing fees and costs by renewing the original 2022 registration.
"While this S-3 registration renewal ensures we maintain compliance with Nasdaq requirements, we have no intention of utilizing the ATM facility at this time," said David Jemmett, CEO of CISO Global. "Our primary objective remains the strategic growth of our software and services business, while responsibly managing our financial resources."
The company emphasizes that the shelf registration is purely strategic and underscores its commitment to maintaining strong financial governance.
About CISO Global
CISO Global, Inc. (NASDAQ: CISO), whose ticker symbol initials are known in the industry as ‘Chief Information Security Officer’, is a cybersecurity company, headquartered in Scottsdale, Arizona who 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. The company protects the most demanding businesses and government organizations against continuing and emerging security threats and ensures their compliance obligations are being met. For more information about the company, visit ciso.inc; see the following link to join the investor relations email alerts.
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 proprietary software, managed cybersecurity, and compliance; our current expectation of not utilizing the ATM; we believe that the renewal of the shelf registration was done primarily as a strategic financial contingency measure; we believed the filing of the ATM to be aligned with Nasdaq’s guidelines for us; we believe the renewal filings of the S-3 and the ATM Sales Agreement reduced filing fees and costs; and our belief that we provide comprehensive cybersecurity solutions to our clients. 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, 2024. 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:
Debra Gallington
debra.gallington@ciso.inc
(480) 389-3444
FAQ
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