CISO Global Eliminates Convertible Debt as Profitability Fuels Investor Confidence
CISO Global (NASDAQ: CISO) announced the full satisfaction of convertible notes held by Target Capital 14, and Secure Net Capital, , strengthening its balance sheet. The company maintains $7 million in convertible notes extended on existing terms, held by a Company Advisory Board member and Hensley Beverage Company.
The cybersecurity software and managed security services provider reported achieving unaudited Adjusted EBITDA profitability, planning to repay the remaining notes through cash flow. The company's CEO, Andy McCain, expressed long-term confidence in the team and strategy. CFO Deb Smith highlighted the company's focus on expanding recurring revenue through software sales to existing customers and channel partners.
CISO Global (NASDAQ: CISO) ha annunciato il completo soddisfacimento delle note convertibili detenute da Target Capital 14 e Secure Net Capital, rafforzando il proprio bilancio. L'azienda mantiene 7 milioni di dollari in note convertibili estese alle condizioni esistenti, detenute da un membro del Consiglio Consultivo dell'azienda e da Hensley Beverage Company.
Il fornitore di software di cybersecurity e servizi di sicurezza gestiti ha riportato di aver raggiunto una redditività EBITDA rettificata non verificata, pianificando di ripagare le note rimanenti attraverso il flusso di cassa. Il CEO dell'azienda, Andy McCain, ha espresso fiducia a lungo termine nel team e nella strategia. Il CFO Deb Smith ha sottolineato l'attenzione dell'azienda nell'espandere i ricavi ricorrenti attraverso le vendite di software ai clienti esistenti e ai partner di canale.
CISO Global (NASDAQ: CISO) anunció la satisfacción total de las notas convertibles mantenidas por Target Capital 14 y Secure Net Capital, fortaleciendo su balance. La compañía mantiene 7 millones de dólares en notas convertibles extendidas en términos existentes, mantenidas por un miembro de la Junta Asesora de la empresa y Hensley Beverage Company.
El proveedor de software de ciberseguridad y servicios de seguridad gestionados reportó haber alcanzado una rentabilidad EBITDA ajustada no auditada, planeando pagar las notas restantes a través del flujo de caja. El CEO de la compañía, Andy McCain, expresó confianza a largo plazo en el equipo y la estrategia. La CFO Deb Smith destacó el enfoque de la empresa en expandir los ingresos recurrentes a través de las ventas de software a clientes existentes y socios de canal.
CISO Global (NASDAQ: CISO)는 Target Capital 14와 Secure Net Capital이 보유한 전환사채의 완전한 상환을 발표하며 재무구조를 강화했습니다. 이 회사는 회사 자문위원회 구성원과 Hensley Beverage Company가 보유한 기존 조건으로 연장된 700만 달러의 전환사채를 유지하고 있습니다.
사이버 보안 소프트웨어 및 관리 보안 서비스 제공업체는 감사되지 않은 조정 EBITDA 수익성을 달성했다고 보고했으며, 잔여 노트를 현금 흐름을 통해 상환할 계획입니다. 회사의 CEO인 Andy McCain은 팀과 전략에 대한 장기적인 신뢰를 표현했습니다. CFO Deb Smith는 기존 고객 및 채널 파트너에게 소프트웨어 판매를 통해 반복 수익을 확장하는 데 회사가 집중하고 있다고 강조했습니다.
CISO Global (NASDAQ: CISO) a annoncé la satisfaction complète des obligations convertibles détenues par Target Capital 14 et Secure Net Capital, renforçant ainsi son bilan. L'entreprise maintient 7 millions de dollars d'obligations convertibles prolongées dans les termes existants, détenues par un membre du Conseil Consultatif de l'entreprise et Hensley Beverage Company.
Le fournisseur de logiciels de cybersécurité et de services de sécurité gérés a rapporté avoir atteint une rentabilité EBITDA ajustée non vérifiée, prévoyant de rembourser les notes restantes grâce à son flux de trésorerie. Le PDG de l'entreprise, Andy McCain, a exprimé sa confiance à long terme dans l'équipe et la stratégie. La CFO Deb Smith a souligné l'accent mis par l'entreprise sur l'expansion des revenus récurrents grâce aux ventes de logiciels aux clients existants et aux partenaires de distribution.
CISO Global (NASDAQ: CISO) hat die vollständige Zufriedenheit der von Target Capital 14 und Secure Net Capital gehaltenen Wandelanleihen bekannt gegeben und damit seine Bilanz gestärkt. Das Unternehmen hält 7 Millionen Dollar an Wandelanleihen, die zu bestehenden Bedingungen von einem Mitglied des Unternehmensberatungsrats und der Hensley Beverage Company gehalten werden.
Der Anbieter von Cybersicherheitssoftware und verwalteten Sicherheitsdiensten berichtete, dass er eine nicht geprüfte bereinigte EBITDA-Rentabilität erreicht hat und plant, die verbleibenden Anleihen durch Cashflow zurückzuzahlen. Der CEO des Unternehmens, Andy McCain, äußerte langfristiges Vertrauen in das Team und die Strategie. CFO Deb Smith hob den Fokus des Unternehmens auf die Erweiterung wiederkehrender Einnahmen durch Softwareverkäufe an bestehende Kunden und Vertriebspartner hervor.
- Achieved unaudited Adjusted EBITDA profitability
- Eliminated portion of convertible debt, strengthening balance sheet
- Secured extension of $7M convertible notes on existing terms
- Focus on expanding recurring revenue through software sales
- Maintains $7M in outstanding convertible debt
Insights
CISO Global's elimination of convertible debt marks a significant balance sheet improvement for this micro-cap cybersecurity firm. The satisfaction of notes from Target Capital and Secure Net Capital reduces potential equity dilution risk while strengthening the company's financial position.
The company's achievement of unaudited Adjusted EBITDA profitability represents a key milestone, though investors should note this non-GAAP metric excludes interest, taxes, depreciation, and amortization expenses. While positive, this measure provides an incomplete picture of comprehensive profitability.
The $7 million in convertible notes extension demonstrates insider confidence, particularly noteworthy since the company's entire market capitalization is only
For micro-cap companies, debt reduction is especially critical as it lowers financial risk, decreases interest expenses, and improves operational flexibility. The company's pivot toward expanding recurring revenue through software sales aligns with value-creation strategies in the cybersecurity sector, potentially establishing a more predictable revenue stream.
While the announcement signals positive financial direction, investors should look for verification of these claims in forthcoming audited financial statements and watch for improved operating margins in future quarters to confirm the sustainability of this financial turnaround.
Scottsdale, Ariz., April 04, 2025 (GLOBE NEWSWIRE) -- CISO Global, Inc. (NASDAQ: CISO), a leader in AI-powered cybersecurity software and managed security services, today announced that Target Capital 14, LLC and Secure Net Capital, LLC have had their convertible notes fully satisfied, marking another major financial milestone as the Company strengthens its balance sheet. This follows a series of positive corporate developments, including the announcement of unaudited Adjusted EBITDA profitability, reinforcing investor confidence and aligning shareholder interests with long-term value creation.
Additionally, CISO Global reaffirms that the
“We remain deeply committed to CISO Global and its mission,” said Andy McCain. “Extending our investment reflects our long-term confidence in the team, strategy, and ability to drive sustainable value for stakeholders.”
Deb Smith, CFO of CISO Global, added: “With our strongest balance sheet to date, we are now focused on expanding recurring revenue through software sales to existing customers and channel partners. CISO is also very appreciative of our vendors for working with and helping the company to achieve this stage.”
With a solid financial foundation and increasing momentum, CISO Global remains committed to executing its growth strategy, maximizing shareholder value, and delivering industry-leading cybersecurity solutions.
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 proprietary software, managed cybersecurity, and compliance; our belief in our continued positive corporate developments; our belief that we have achieved a milestone of unaudited Adjusted EBITDA profitability; we expect our balance sheet to strengthen and plan to continue to align investor interests with long-term shareholder value; our belief that the extension of the convertible notes confirm internal support and belief in the long term success of our company; our belief that our software sales are driving the company’s success; our intent to repay the existing convertible notes with future cash flow; our belief that we currently have our strongest cash flow to date; our belief in the base of our customers, vendors and the strength of our partners; 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:
Hilary Meyers
hilary.meyers@ciso.inc
(480) 389-3444
FAQ
What debt has CISO Global eliminated in April 2025?
How much convertible debt does CISO still maintain?
What is CISO Global's current profitability status?
How does CISO plan to handle its remaining convertible notes?
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