Ciso Global (CISO) Stock News

CISO Global (NASDAQ: CISO) has secured a $15 million convertible preferred equity facility with B. Riley Securities Holdings. The 18-month facility allows CISO to sell convertible preferred stock at $1,000 per share with a 4% original issue discount.

The company can draw funds through an initial $2.3 million increment followed by weekly draws up to $500,000. The preferred stock is convertible into common stock at 105% of the lowest daily VWAP for the initial draw and 95% for subsequent draws, with a $0.40 floor price. The facility includes a 9.99% beneficial ownership cap and 19.99% blocker provision for NASDAQ compliance.

CISO plans to use the proceeds to fund expansion initiatives, particularly scaling its cybersecurity software business in the insurance channel through CAGI.

CISO Global (NASDAQ: CISO) reported significant financial improvements in H1 2025, highlighted by a 108% increase in gross profit and a 137% expansion in gross margins compared to H1 2024. The cybersecurity company achieved a 30% reduction in total current liabilities, further enhanced by a recent $9M debt-for-preferred equity exchange.

The company reaffirmed its 2025 guidance, projecting $10 million in software bookings and $35 million in services revenue. Strategic partnerships with Cyber Assurance Group and Financial Independent Group, combined with the introduction of a $1.5 million cyber warranty, are driving growth and profitability improvements.

CISO Global (NASDAQ: CISO) has completed a significant balance sheet restructuring where strategic investors converted over $9 million of convertible debt into Preferred Shares. The newly issued Preferred Shares carry a 10% coupon and hold capital structure seniority, issued without warrants.

The restructuring eliminates all long-term debt, leaving only a modest receivables line of credit. Two long-term investors, including a current Director and an Advisory Board member, participated in this conversion, demonstrating confidence in CISO's strategic shift toward software-focused cybersecurity solutions.

CISO Global (NASDAQ: CISO) has doubled its anticipated software bookings for 2025 to $10 million, following the nationwide rollout of its CHECKLIGHT® cybersecurity software through Financial Independence Group (FIG). The software is being distributed under the brand CyberSimple™ through a strategic partnership with Cyber Assurance Group Inc. (CAGI).

The partnership targets a $2 billion addressable market for warranty-backed cybersecurity, with distribution through FIG's network of 10,000 financial advisors serving approximately 1.5 million clients. This expansion marks CISO Global's successful transition to a high-margin SaaS cybersecurity model, offering warranty-backed protection that combines financial value with threat prevention.

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) has announced a strategic alliance with Financial Independence Group (FIG) through Cyber Assurance Group (CAGI) to distribute its CyberSimple™ powered by CHECKLIGHT® solution. The partnership targets a $2 billion market opportunity in the PEO and Financial Management sector.

The integration will incorporate CyberSimple™, featuring a $1.5M warranty, into FIG's proprietary advisor portal, which serves thousands of wealth advisors. CISO Global will support the implementation with instructional video tutorials for FIG's advisors and clients on installing and managing CHECKLIGHT®.

CISO Global (NASDAQ: CISO) has launched specialized CHECKLIGHT® packages designed for Professional Employer Organizations (PEOs) and Financial Management companies. The new CyberSimple™ powered by CHECKLIGHT® packages offer cybersecurity protection with $1.5 million in globally underwritten financial coverage. The company aims to reach approximately 1.2 million potential clients through existing contracted relationships, with plans to expand to an additional 1 million families through their reseller network. This strategic expansion increases CISO Global's total addressable market to $33 billion, focusing on democratizing access to enterprise-level cybersecurity solutions for smaller businesses and individual families.

CISO Global Inc. (NASDAQ: CISO) has successfully completed its SOC 2 Type II examination for the third consecutive year, conducted by cybersecurity compliance firm A-LIGN. The audit, covering a 12-month period, validates CISO Global's data privacy practices and security controls meet industry standards. The SOC 2 audit, developed by AICPA, evaluates organizations based on five Trust Service Criteria: security, availability, processing integrity, confidentiality, and privacy. CEO David Jemmett emphasized this achievement reflects their commitment to security and operational excellence, while A-LIGN's COO Steve Simmons recognized it as a signal of trust and security.

CISO Global Inc. (NASDAQ: CISO) has achieved full compliance with all NASDAQ listing standards, resolving previous listing requirements concerns. The cybersecurity solutions provider reaffirmed its financial guidance, projecting $35 million in cybersecurity services revenue and $5 million in software bookings for the current fiscal year. CEO David Jemmett emphasized the company's commitment to transparency and governance while highlighting strong market demand for their security solutions. CISO Global serves over 600 customers and maintains partnerships with key insurance providers like Cyber Assurance Group, offering next-generation security software solutions.