CISO Global Inc. Announces Debt Conversion as Key Investors Exchange Over $9 Million into Preferred Shares

Reuters08-05
<a href="https://laohu8.com/S/CISO">CISO Global</a> Inc. Announces Debt Conversion as Key Investors Exchange Over $9 Million into Preferred Shares

CISO Global Inc., a leading provider of AI-powered cybersecurity software and compliance services, has announced a significant financial restructuring. Over $9 million in convertible debt held by two strategic long-term investors has been exchanged for newly issued Preferred Shares. These shares carry a 10% coupon and hold seniority in the company's capital structure, without the issuance of warrants. This move eradicates all long-term debt, leaving only a modest receivables line of credit with the company's banking partner. The restructuring enhances CISO Global's financial profile and simplifies its capital structure, reflecting investor confidence in the company's strategic shift towards software-focused cybersecurity solutions. CEO David Jemmett expressed gratitude for the support and confidence shown by the investors, highlighting the restructuring as a strong endorsement of CISO Global's strategic direction and future growth prospects.

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