**CISO Global (NASDAQ:CISO) Enters into Securities Purchase Agreement for Strategic Investment****

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CISO Global, Inc. recently announced its entry into a Securities Purchase Agreement with multiple purchasers, signaling a significant development for the company. The Agreement outlines that the Purchasers have committed to buying securities totaling up to $8,125,000 from CISO Global. These securities include convertible notes and common stock purchase warrants.

As part of the Agreement, the Purchasers were issued Common Stock Purchase Warrants for 5,500,000 shares and 1,000,000 shares respectively, with an exercise price of $1.00 per share over a five-year period. Additionally, the Agreement includes provisions for a change in the majority control of the Board of Directors of CISO Global. This change is contingent upon the regulatory filing and distribution of the Information Statement pursuant to Securities and Exchange Act Section 14(f) and Rule 14f-1, with the Board change slated to take effect ten days post the mailing of the Information Statement.

The anticipated gross proceeds from the offering are expected to reach approximately $8.125 million, before accounting for placement agent fees, expenses, and offering costs borne by CISO Global. The company intends to utilize the net proceeds from this deal to pay off short-term debts and for general corporate purposes. These objectives may encompass working capital, capital investments, research and development expenses, potential acquisitions, and investments to further business growth.

The shares being offered are in line with a registration statement on Form S-3 planned to be lodged with the Securities and Exchange Commission. Furthermore, the Purchase Agreement incorporates standard representations, warranties, and agreements by CISO Global, alongside other conditions to closing, and indemnification obligations.

In conjunction with this investment opportunity, CISO Global has engaged RBW Capital Partners, LLC and Dominari Securities, LLC as its Placement Agents. These agreements specify that a cash fee equivalent to 7.0% of the total gross proceeds of the Offering will be paid to the Placement Agent, with additional expenses of up to $100,000 for legal fees and other out-of-pocket costs. The Placement Agent will also receive warrants to acquire up to 325,000 shares of Common Stock, representing 5.0% of the aggregate number of shares to be sold in the offering.

The details presented in the Purchase Agreement, Notes, Common Stock Warrant Agreements, Registration Rights Agreement, and the Placement Agency Agreement are summarized within this filing but for a complete understanding, reference to the full text of these documents is recommended. A legal opinion from Lucosky Brookman LLP regarding the legality of issuance and sale of the shares is also attached to this filing.

In a press release issued on December 16, 2024, CISO Global elaborated on the strategic investment and its forthcoming plans. The investment, led by Target Capital, in the form of a convertible note amounting to $6,500,000 is aimed at reducing short-term liabilities, thereby enhancing financial flexibility and augmenting investments for growth endeavors.

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This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read CISO Global’s 8K filing here.

About CISO Global

CISO Global Inc operates as a cybersecurity and compliance company in the United States, Chile, and internationally. The company offers security managed services, including compliance, secured managed, and cyber defense operation services; culture education and enablement; tools and technology provisioning; data, privacy, regulations, and compliance monitoring; remote infrastructure administration; and antivirus and patch management services.