JC Associates Discloses 34% Stake in CISO Global Series A Preferred
Rhea-AI Filing Summary
JC Associates, Inc. filed a Schedule 13G reporting ownership of 3,117,340 shares of CISO Global, Inc.'s Series A Preferred, representing 34% of that class. The filer asserts sole voting and sole dispositive power over all reported shares, with no shared voting or dispositive authority. The statement includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- Material disclosure of a significant stake: JC Associates reports owning 3,117,340 Series A Preferred shares, representing 34% of the class, providing transparency to the market.
- Sole voting and dispositive power: The filer declares exclusive control over voting and disposition of the reported shares, clarifying authority.
Negative
- None.
Insights
TL;DR: A single entity reports a substantial 34% stake in CISO's Series A Preferred, held with sole voting and dispositive power.
The filing discloses a material ownership position of 3,117,340 Series A Preferred shares, which equates to 34% of the class. That concentration signals significant economic and voting exposure to JC Associates, Inc., although the filer certifies the stake is held in the ordinary course and not to effect control changes. For investors, this is a notable ownership disclosure because it can affect liquidity, voting outcomes on class matters, and future negotiations involving the preferred class.
TL;DR: A large, singular preferred-holder reports exclusive voting and disposition rights but certifies no intent to change issuer control.
This Schedule 13G shows JC Associates, Inc. as a dominant holder of the Series A Preferred with sole voting and dispositive authority over the reported shares. The filing explicitly states the holdings are not intended to influence control, per the required certification. From a governance perspective, such concentrated preferred ownership is material to stakeholder dynamics and board/holder interactions, even if the filer disclaims control intent.