CISO Global receives $6.5M convertible note investment from Target Capital to reduce debt

CISO Global, Inc.

Strategic investment of $6.5M in convertible notes led by Target Capital; total offering up to $8.125M including warrants.
Proceeds primarily to repay short-term debt and improve balance sheet to accelerate path to profitability.
Warrants issued: 5.5M and 1M shares at $1.00 exercise price, 5-year term; placement agent warrants at $1.15.
Board majority change anticipated; current directors to resign and new members added, subject to SEC Rule 14f-1.
Placement agent fees: 7% of gross proceeds plus warrants; RBW Capital and Dominari Securities acted as agents.

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