secwatch.observer — SEC 8-K summary
======================================

Issuer:     CISO Global, Inc. (CISO)
CIK:        0001777319
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001641172-25-022152
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1777319/000164117225022152/0001641172-25-022152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1777319/000164117225022152/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-022152

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer