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CISO Global Eliminates Convertible Debt as Profitability Fuels Investor Confidence
Globenewswireยท 2025-04-04 13:15
Core Viewpoint - CISO Global, Inc. has achieved a significant financial milestone by fully satisfying its convertible notes, enhancing its balance sheet and reinforcing investor confidence through the announcement of unaudited Adjusted EBITDA profitability [1][2][3] Financial Developments - The company has fully satisfied convertible notes held by Target Capital 14, LLC and Secure Net Capital, LLC, marking a major financial achievement [1] - CISO Global has $7 million in convertible notes that have been extended on existing terms, held by a Company Advisory Board member and Hensley Beverage Company [2] - The company is now profitable on an unaudited Adjusted EBITDA basis and plans to repay the convertible notes over time through cash flow [2] Strategic Focus - CISO Global aims to expand recurring revenue through software sales to existing customers and channel partners, leveraging its strong balance sheet [3] - The company is committed to executing its growth strategy and maximizing shareholder value while delivering industry-leading cybersecurity solutions [3] Company Overview - CISO Global, Inc. is recognized as a leader in AI-powered cybersecurity software and managed security services, providing comprehensive solutions to protect organizations from cyber threats [4]