{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-015890","form_type":"8-K","ticker":"CISO","cik":"0001777319","company_name":"CISO Global, Inc.","filed_at":"2025-09-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.958062+00:00","generated_at":"2026-05-17T05:25:36.692561+00:00","sec_items":["1.01","3.02","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"CISO Global enters $15M convertible preferred equity facility with B. Riley for expansion","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-015890","json":"https://secwatch.observer/filing/0001493152-25-015890.json","markdown":"https://secwatch.observer/filing/0001493152-25-015890.md","text":"https://secwatch.observer/filing/0001493152-25-015890.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1777319/000149315225015890/0001493152-25-015890-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1777319/000149315225015890/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:25:36.692561+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e5aa1fa883290c5d5f01652de5a5bea149b4199e","claim":"CISO Global, Inc. issued up to $15.0 million of shares of our newly authorized Series B Convertible Preferred Stock of preferred stock to B. Riley Principal Capital I for $960 per share.","evidence_excerpt":"Stock, subject to the conditions set forth in the Purchase Agreement. The per share purchase price of the shares of our Series B Preferred Stock that may be sold to B. Riley is $960, a 4% original issue discount from the stated value of $1,000 per share in the Certificate of Designations (defined below). Actual sales of shares of Series B Preferred Stock by us","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1777319/000149315225015890/0001493152-25-015890-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"preferred stock"},{"label":"Shares","value":"up to $15.0 million of shares of our newly authorized Series B Convertible Preferred Stock"},{"label":"Purchaser","value":"B. Riley Principal Capital I"},{"label":"Consideration","value":"$960 per share"}],"fact_type":"equity_issuance"},{"claim_id":"2df1bfba127160365a299a2541d6d937f1d542ae","claim":"CISO Global, Inc.: Filed Certificate of Designations for Series B Preferred Stock, establishing rights, preferences, and restrictions (effective 2025-09-25).","evidence_excerpt":"On September 25, 2025, we filed with the Secretary of State of the State of Delaware a Certificate of Designations, Preferences and Rights of Series B Preferred Stock of CISO Global, Inc. (the “Certificate of Designations”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1777319/000149315225015890/0001493152-25-015890-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-09-25"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}