CISO Global, Inc. - CISO STOCK NEWS

Cerberus Cyber Sentinel Corporation (NASDAQ: CISO) has announced a $5 million private convertible note offering on March 20, 2023. The company reported preliminary financial results for 2022, showing a remarkable 150% increase in fourth-quarter revenue to $14.7 million and a 207% rise in total revenue for the fiscal year, reaching $46.5 million. Although operational losses decreased significantly, the company posted an operating loss of $9.4 million for Q4 and $33.2 million for the fiscal year. The proceeds from the note will be used to repay a $5 million promissory note to Bell Bank.

Cerberus Sentinel (NASDAQ: CISO), a leading managed cybersecurity and compliance provider based in Scottsdale, AZ, announced its participation in the 35th Annual Roth Conference scheduled for March 12-14, 2023, in Dana Point, CA. This prestigious event will feature approximately 400 companies across various sectors, offering small group meetings, fireside chats, and thematic panels. Interested parties can register and schedule meetings with company executives David Jemmett and Ashley Devoto through contact Hilary Meyers. Cerberus Sentinel is focused on expanding its cybersecurity offerings through acquisitions and innovative solutions to address emerging security threats.

Cerberus Cyber Sentinel Corporation (NASDAQ: CISO) announced the termination of its underwritten public offering of common stock originally proposed on February 13, 2023. The decision was made after management assessed that current market conditions weren't favorable for securing optimal terms for shareholders. Consequently, no shares will be sold under this offering. The offering was to be made under an effective shelf registration statement on Form S-3, established on June 27, 2022. The company remains focused on its role as a managed cybersecurity and compliance provider, aiming for continued growth through acquisitions and innovative solutions.

Cerberus Cyber Sentinel Corporation (NASDAQ: CISO), a leading managed cybersecurity provider, has announced an underwritten public offering of its common stock. The company plans to grant underwriters a 30-day option to purchase an additional 15% of shares offered. The offering is subject to market conditions, and completion is not guaranteed. Proceeds will be used for general corporate purposes, including working capital, debt repayment, acquisitions, and research and development. The SEC has declared effective a shelf registration statement for this offering.

Cerberus Cyber Sentinel Corporation (NASDAQ: CISO) has successfully achieved SOC 2® Type II certification, validating its strong security controls and data privacy practices, as confirmed by an independent audit. This certification highlights the company's commitment to safeguarding customer data and provides third-party recognition of its compliance standards. The annual SOC 2® Type II audit assesses key areas including security, confidentiality, and privacy, ensuring that Cerberus Sentinel meets the highest industry standards in managed security services. The company aims to build trust with clients as demand for secure service providers grows.

Cerberus Cyber Sentinel Corporation (NASDAQ: CISO) has announced a strategic partnership with Kivu Consulting to expand its cybersecurity services, particularly in incident response, digital forensics, and ransomware negotiation. This collaboration aims to enhance service offerings in North and South America and address the escalating global cybersecurity challenge valued at $2 trillion. Both firms recognize the significant workforce and talent gaps in the industry and intend to leverage their combined expertise to mitigate cyber threats effectively. The partnership marks a notable step for Cerberus Sentinel in broadening its capabilities and client reach.