secwatch.observer — SEC 8-K summary
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Issuer:     CISO Global, Inc. (CISO)
CIK:        0001777319
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0001493152-23-008267
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.02, 2.03, 2.04, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1777319/000149315223008267/0001493152-23-008267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1777319/000149315223008267/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-008267

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer