CISO Global Announces Pay Off of Highest-Interest Debt, Extends $7M in Convertible Notes
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.
CISO Global (NASDAQ: CISO) ha annunciato importanti manovre di ristrutturazione finanziaria, tra cui il rimborso dei prestiti con il tasso d'interesse più alto e il rinnovo di 7 milioni di dollari in note convertibili. L'azienda, specializzata in software di cybersecurity alimentati dall'IA e servizi gestiti, riporta queste azioni come parte della sua strategia per rafforzare il bilancio e migliorare l'efficienza operativa.
Il rinnovo delle note convertibili è stato ottenuto attraverso partner storici, dimostrando una continua fiducia nella visione dell'azienda. Secondo il CFO Deb Smith, l'eliminazione del debito ad alto interesse rimuove un ostacolo alla crescita e migliora la flessibilità del flusso di cassa, supportando la transizione verso un modello di business incentrato sul software.
Questi sviluppi finanziari sono in linea con gli sforzi di razionalizzazione organizzativa di CISO Global e il loro spostamento strategico verso un modello operativo ad alto margine, guidato dal software e supportato dai servizi.
CISO Global (NASDAQ: CISO) ha anunciado importantes movimientos de reestructuración financiera, incluyendo el pago de sus préstamos de mayor interés y la obtención de extensiones sobre 7 millones de dólares en notas convertibles. La empresa, especializada en software de ciberseguridad impulsado por IA y servicios gestionados, informa que estas acciones son parte de su estrategia para fortalecer su balance y mejorar la eficiencia operativa.
La extensión de las notas convertibles se aseguró a través de socios de larga data, lo que demuestra una continua confianza en la visión de la empresa. Según la CFO Deb Smith, eliminar la deuda de alto interés elimina un obstáculo para el crecimiento y mejora la flexibilidad del flujo de efectivo, apoyando su transición hacia un modelo de negocio centrado en el software.
Estos desarrollos financieros están alineados con los esfuerzos de ajuste organizativo de CISO Global y su cambio estratégico hacia un modelo operativo de alto margen, liderado por software y apoyado por servicios.
CISO Global (NASDAQ: CISO)는 고금리 대출 상환 및 700만 달러 규모의 전환사채 연장을 포함한 중요한 재정 구조조정 조치를 발표했습니다. AI 기반 사이버 보안 소프트웨어 및 관리 서비스를 전문으로 하는 이 회사는 이러한 조치를 재무 건전성을 강화하고 운영 효율성을 개선하기 위한 전략의 일환으로 보고 있습니다.
전환사채 연장은 오랜 파트너를 통해 확보되어, 회사 비전에 대한 지속적인 신뢰를 보여줍니다. CFO인 Deb Smith에 따르면, 고금리 부채를 제거함으로써 성장 장애물이 사라지고 현금 흐름의 유연성이 개선되어 소프트웨어 중심 비즈니스 모델로의 전환을 지원합니다.
이러한 재정 발전은 CISO Global의 조직 조정 노력 및 소프트웨어 주도 및 서비스 지원 운영 모델로의 전략적 전환과 일치합니다.
CISO Global (NASDAQ: CISO) a annoncé d'importantes mesures de restructuration financière, y compris le remboursement de ses prêts à taux d'intérêt élevé et l'obtention d'extensions sur 7 millions de dollars en obligations convertibles. L'entreprise, spécialisée dans les logiciels de cybersécurité alimentés par l'IA et les services gérés, rapporte que ces actions font partie de sa stratégie visant à renforcer son bilan et à améliorer son efficacité opérationnelle.
L'extension des obligations convertibles a été sécurisée grâce à des partenaires de longue date, démontrant une confiance continue dans la vision de l'entreprise. Selon la CFO Deb Smith, l'élimination de la dette à haut intérêt supprime un obstacle à la croissance et améliore la flexibilité des flux de trésorerie, soutenant leur transition vers un modèle commercial axé sur le logiciel.
Ces développements financiers s'alignent avec les efforts de rationalisation organisationnelle de CISO Global et leur changement stratégique vers un modèle opérationnel à forte marge, dirigé par le logiciel et soutenu par des services.
CISO Global (NASDAQ: CISO) hat bedeutende finanzielle Umstrukturierungsmaßnahmen angekündigt, einschließlich der Tilgung seiner hochverzinslichen Kredite und der Sicherung von Verlängerungen für 7 Millionen Dollar in wandelbaren Anleihen. Das Unternehmen, das sich auf KI-gestützte Cybersicherheitssoftware und verwaltete Dienstleistungen spezialisiert hat, berichtet, dass diese Maßnahmen Teil seiner Strategie sind, die Bilanz zu stärken und die Betriebseffizienz zu verbessern.
Die Verlängerung der wandelbaren Anleihen wurde durch langjährige Partner gesichert, was das anhaltende Vertrauen in die Vision des Unternehmens demonstriert. Laut CFO Deb Smith beseitigt die Eliminierung der hochverzinslichen Schulden ein Wachstumshemmnis und verbessert die Flexibilität des Cashflows, was den Übergang zu einem softwareorientierten Geschäftsmodell unterstützt.
Diese finanziellen Entwicklungen stehen im Einklang mit den Bemühungen von CISO Global um eine organisatorische Anpassung und ihrem strategischen Wandel hin zu einem margenstarken, softwaregetriebenen und dienstleistungsunterstützten Betriebsmodell.
- 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
- 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
“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
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