CISO Global exchanges remaining investor debt into Preferred A shares

CISO announced it is well-positioned to accelerate sales growth and pursue strategic opportunities following significant steps to strengthen its balance sheet. The Company recently exchanged the last remaining investor debt into Preferred A shares, with no associated warrants. This transaction eliminated more than $9M in debt, moving it to equity now held by two long-term supporters of CISO Global (CISO). Earlier this week, CISO Global announced a financing agreement with B. Riley that provides up to $15M in potential growth capital through the sale of convertible Preferred B shares, also with no associated warrants. The Company retains full discretion over whether to issue these shares, and intends to do so only when the growth opportunity merits the investment.