Business Context and Reporting Period
This Form 8-K Current Report was filed by Cerberus Cyber Sentinel Corporation (trading symbol: CISO) on January 10, 2023. The registrant is an emerging growth company incorporated in Delaware with principal executive offices in Scottsdale, Arizona. The report discloses a material corporate event under Item 7.01 (Regulation FD Disclosure).
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a strategic corporate development rather than periodic financial performance data.
Material Changes
On January 10, 2023, the company entered into a definitive agreement to acquire RAN Security. Key details of this transaction include:
- Target: RAN Security, a managed cybersecurity and compliance provider.
- Geographic Presence: Headquarters in Buenos Aires, Argentina, with offices in Chile, Peru, Bolivia, and Paraguay.
- Transaction Status: Definitive agreement signed; closing is expected later in the year.
- Conditions: Closing is subject to customary conditions, including applicable regulatory approvals.
Guidance, Outlook, and Risks
Management commentary is limited to the announcement of the acquisition. The filing notes that the transaction is not yet closed and remains contingent on regulatory approvals. No specific financial guidance, risk factors, or contingencies regarding the acquisition price or integration costs are detailed in this text. The information is furnished pursuant to Item 7.01 and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the final closing date of the RAN Security acquisition.
- Confirm the total purchase price and payment structure (cash vs. stock) once disclosed in subsequent filings.
- Monitor progress on required regulatory approvals in Argentina and other Latin American jurisdictions.
- Review the full text of the definitive agreement (if filed as an exhibit) for material covenants or termination rights.