secwatch.observer — SEC 8-K summary
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Issuer:     CISO Global, Inc. (CISO)
CIK:        0001777319
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001493152-23-018004
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CISO Global raises $4M in registered direct offering of 20M shares at $0.20 per share
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- Gross proceeds ~$4M from sale of 20M shares of common stock at $0.20/share.
- Net proceeds to repay $2M short-term debt incurred March 2023 and for general corporate purposes.
- Placement agent Titan Partners receives 6% cash fee ($240k) plus warrants for 600k shares at $0.25 exercise price.
- Offering expected to close on or about May 19, 2023, subject to customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1777319/000149315223018004/0001493152-23-018004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1777319/000149315223018004/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-018004

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