CISO Global exchanges over $9M in convertible notes for Series A Preferred, eliminates long-term debt

CISO Global, Inc.

Exchanged ~$9.3M aggregate principal and interest on convertible notes from Hensley (director) and J C Associates (advisory board) for 9,297,894 Series A Preferred shares.
Preferred shares pay a 10% cumulative dividend, rank senior to common, and are convertible at company's option; no warrants issued.
All long-term debt eliminated; only a modest receivables line of credit remains with banking partner.
Holders relinquished all rights under cancelled notes; transaction exempt under Section 3(a)(9) and Rule 506(b).

item 1.01 item 3.02 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CISO Global, Inc.: Filed Certificate of Designations establishing Series A Preferred Stock (effective 2025-08-04).

Change: charter amendment
Effective: 2025-08-04

Exact text from the filing

On August 4, 2025, we filed with the Secretary of State of the State of Delaware a Certificate of Designations, Preferences and Rights of Series A Preferred Stock of CISO Global, Inc. (the "Certificate of Designations").

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12 governance changes filed in the last 30 days. Browse all governance changes →

CISO Global, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-022152

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