CISO Global Announces $15 Million Convertible Preferred Equity Private Placement to Fund Expansion Initiatives
CISO Global Inc. has announced a $15 million private placement of convertible preferred stock with B. Riley Securities. The funds will be used to enhance the company's balance sheet, increase liquidity, and support expansion efforts. The preferred stock has a purchase price of $1,000 per share and does not offer dividends. B. Riley acted as the sole placement agent for this transaction, with legal counsel from Greenberg Traurig, LLP and Lowenstein Sandler LLP.
CISO Global Inc. (NASDAQ: CISO), a leading provider of AI-powered cybersecurity software and compliance services, has announced a private financing arrangement with a fund managed by B. Riley Securities Holdings, Inc. Under this agreement, CISO Global has the right, but not the obligation, to sell up to $15 million of a newly created series of convertible preferred stock to B. Riley. The preferred stock, which has a stated value and purchase price of $1,000 per share, bears no preferred return or dividends. The company plans to use the proceeds to strengthen its balance sheet, provide additional liquidity, and fund expansion initiatives. B. Riley Securities acted as sole placement agent for the transaction, with legal counsel provided by Greenberg Traurig, LLP for CISO Global and Lowenstein Sandler LLP for B. Riley. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CISO Global Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-015890), on September 29, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
