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CISO Global Announces Pay Off of Highest-Interest Debt, Extends $7M in Convertible Notes
CISOCISO (CISO) GlobeNewswire· Globenewswire·2025-03-25 20:55

Core Insights - CISO Global, Inc. has successfully paid off its highest-interest loans to strengthen its balance sheet and improve operational efficiency [1][3] - The company secured extensions on convertible notes totaling $7 million, indicating confidence from long-standing partners [2][3] - The CFO stated that clearing high-interest debt enhances cash flow and allows for a transition to a more profitable, software-first business model [3] Financial Moves - The repayment of high-interest loans removes a significant obstacle to growth, improving cash flow and operational flexibility [3] - The extensions on convertible notes reflect continued confidence in the company's long-term vision and stability [2][3] Strategic Focus - CISO Global is transitioning into a high-margin, software-led and services-supported model, aiming for sustained revenue growth [3] - The company is committed to redefining the cybersecurity landscape with a revitalized balance sheet and sharpened strategic focus [3][4]