---
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"
generated_at: "2026-05-17T05:25:36.692561+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-015890
- JSON: https://secwatch.observer/filing/0001493152-25-015890.json
- Plain text: https://secwatch.observer/filing/0001493152-25-015890.txt

## Key facts
- Equity Issuances
  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.
  - Security: preferred stock
  - Shares: up to $15.0 million of shares of our newly authorized Series B Convertible Preferred Stock
  - Purchaser: B. Riley Principal Capital I
  - Consideration: $960 per share
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1777319/000149315225015890/0001493152-25-015890-index.htm
- Governance Changes
  CISO Global, Inc.: Filed Certificate of Designations for Series B Preferred Stock, establishing rights, preferences, and restrictions (effective 2025-09-25).
  - Change: charter amendment
  - Effective: 2025-09-25
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1777319/000149315225015890/0001493152-25-015890-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.