CISO Global enters $15M convertible preferred equity facility with B. Riley for expansion

CISO Global, Inc.

Facility up to $15M over 18 months; initial draw $2.3M, weekly draws up to $500k, no obligation to use.
Conversion price: 105% of 5-day VWAP for first $500k, 95% for subsequent; floor $0.40.
Proceeds to fund expansion, especially scaling cybersecurity software in insurance channel via CAGI.
No preferred dividends or return; subject to 9.99% beneficial ownership cap and 19.99% Nasdaq blocker.
B. Riley receives 3.5% cash fee; company can terminate with $1M liquidated damages.

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