* CISO Global (NASDAQ:CISO [https://seekingalpha.com/symbol/CISO]) said on Wednesday it has eliminated over $9 million in debt by converting it into Preferred A shares held by two long-term investors.
* The company also entered into a financing deal with B. Riley for up to $15 million through the sale of convertible Preferred B shares.
* CISO said it has full control over when to issue the shares and plans to do so only when needed for growth.
* The moves aim to strengthen the company’s balance sheet and support future expansion of its cybersecurity software and services.
* Source: Press Release [https://seekingalpha.com/pr/20250919-ciso-global-strengthens-balance-sheet-positions-for-growth-and-strategic-opportunities]
MORE ON CISO GLOBAL INC.
* CISO Global enters into $15M convertible equity facility to fund expansion initiatives [https://seekingalpha.com/news/4499843-ciso-global-enters-into-15m-convertible-equity-facility-to-fund-expansion-initiatives]
* CISO Global doubles 2025 anticipated software bookings to $10M with nationwide launch [https://seekingalpha.com/news/4467857-ciso-global-doubles-2025-anticipated-software-bookings-to-10m-with-nationwide-launch]
* Financial information for CISO Global Inc. [https://seekingalpha.com/symbol/CISO/income-statement]
CISO global strengthens balance sheet, positions for growth and strategic opportunities
Published 1 month ago
Oct 1, 2025 at 12:54 PM
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