secwatch.observer — SEC 8-K summary
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Issuer:     CISO Global, Inc. (CISO)
CIK:        0001777319
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0001493152-24-048621
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CISO Global buys back vCISO IP for $1.02M, issues note at 8% over 1 year
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- Entered IP Buy-Back Purchase Agreement on Nov 29, 2024 to repurchase vCISO, LLC and its IP from JC Associates.
- Purchase price of $1,020,000 payable via promissory note at 8% per annum over one year.
- Company sold vCISO IP in Sept 2024 for $1M cash; buy-back was pre-arranged under that agreement.
- Buy-back covers seven cybersecurity software products and associated trademarks and IP.
- Transaction creates a direct financial obligation via promissory note as of Nov 29, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1777319/000149315224048621/0001493152-24-048621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1777319/000149315224048621/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048621

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