CISO (US:CISO) Globenewswireยท2025-10-01 12:30Core Viewpoint - CISO Global is positioned to accelerate sales growth and pursue strategic opportunities following significant improvements to its balance sheet [1] Financial Restructuring - The company converted the last remaining investor debt into Preferred A shares, eliminating over $9 million in debt and converting it to equity held by two long-term supporters [2] - A financing agreement with B. Riley provides up to $15 million in potential growth capital through the sale of convertible Preferred B shares, with no associated warrants, allowing the company discretion on issuance based on growth opportunities [3] Management Insights - The CEO of CISO Global stated that the balance sheet is now strong, and the agreement with B. Riley reflects confidence in the business while minimizing shareholder dilution [4] - The COO highlighted a strong sales pipeline from business owners looking to reduce cybersecurity risks through innovative financial-backed models, emphasizing partnerships to align offerings with customer preferences [5] Business Focus - CISO Global aims to scale its cybersecurity software and services portfolio, actively marketing proprietary software solutions valued at over $50 million to a client base of over 600 services clients [4] - The company has established significant insurance partnerships to integrate its security offerings within financial assurance solutions [4]