---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-008267"
form_type: "8-K"
ticker: "CISO"
cik: "0001777319"
company_name: "CISO Global, Inc."
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T23:04:11.871632+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

# Cerberus Q4 revenue $14.7M, up 150% YoY; operating loss narrows 71%; issues $5M convertible note

## Summary
- Q4 2022 revenue $14.7M (+150% YoY); FY22 $46.5M (+207% YoY). Operating loss Q4 $9.4M vs $32.9M loss prior year.
- Company issued $5M 10% unsecured convertible note to Hensley & Company, due Mar 2025, convertible at $1.20/share.
- Proceeds to repay $5.035M Bell Bank note that defaulted on Mar 14, 2023; interest had increased from 4% to 7%.
- Andrew McCain, a director, is President/COO of Hensley (Purchaser) – related party transaction.

## SEC filing metadata
- accession: 0001493152-23-008267
- form_type: 8-K
- ticker: CISO
- cik: 0001777319
- company_name: CISO Global, Inc.
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 1.01, 2.02, 2.03, 2.04, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1777319/000149315223008267/0001493152-23-008267-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1777319/000149315223008267/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-008267
- JSON: https://secwatch.observer/filing/0001493152-23-008267.json
- Plain text: https://secwatch.observer/filing/0001493152-23-008267.txt

## Key facts
- Debt Financings
  CISO Global, Inc. incurred convertible notes of $5,000,000 with Hensley & Company dba Hensley Beverage Company at 10% per annum maturing March 20, 2025.
  - Instrument: convertible notes
  - Principal: $5,000,000
  - Counterparty: Hensley & Company dba Hensley Beverage Company
  - Rate: 10% per annum
  - Maturity: March 20, 2025
  - Event: incurrence
  source text: pursuant to which we issued and sold to the Purchaser a $5,000,000 10 Percent (10%) Unsecured Convertible Note
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777319/000149315223008267/0001493152-23-008267-index.htm
- Debt Financings
  CISO Global, Inc. reported a default on loan of $5,035,417 with Bell Bank at 4% to 7% maturing March 14, 2023.
  - Instrument: loan
  - Principal: $5,035,417
  - Counterparty: Bell Bank
  - Rate: 4% to 7%
  - Maturity: March 14, 2023
  - Event: default
  source text: in full the $5,000,000 4% promissory note issued and sold to Bell Bank (the “Bell Bank Note”) in June 2022. As of the date of this Current Report on Form 8-K, we owed a total of $5,035,417 under the Bell Bank Note. The foregoing summary of the Note Offering, the Purchase Agreement, and the Note does not purport to be complete and is subject to, and qualified in its
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777319/000149315223008267/0001493152-23-008267-index.htm
- Earnings Releases
  CISO Global, Inc. reported preliminary financial results for the quarter and fiscal year ended December 31, 2022.
  - Period: the quarter and fiscal year ended December 31, 2022
  - Result: preliminary results
  source text: On March 20, 2023, we issued a press release, which contained certain preliminary estimated financial information as of and for the quarter and fiscal year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777319/000149315223008267/0001493152-23-008267-index.htm
- Material Agreements
  CISO Global, Inc. entered into Purchase Agreement with Hensley & Company dba Hensley Beverage Company valued at $5,000,000 (effective 2023-03-20).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Hensley & Company dba Hensley Beverage Company
  - Value: $5,000,000
  - Effective: 2023-03-20
  source text: On March 20, 2023, Cerberus Cyber Sentinel Corporation (the "Company," "we," "us," or "our") entered into a Purchase Agreement (the "Purchase Agreement") with Hensley & Company dba Hensley Beverage Company (the "Purchaser"), pursuant to which we issued and sold to the Purchaser a $5,000,000 10 Percent (10%) Unsecured Convertible Note (the "Note") for gross proceeds of $5,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777319/000149315223008267/0001493152-23-008267-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.