CISO Global, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by CISO Global, Inc. on July 6, 2026, reporting events as of June 30, 2026. The company is incorporated in Delaware and its common stock trades on The Nasdaq Capital Market under the symbol "CISO".
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on regulatory compliance regarding stock listing standards.
Material Changes and Listing Status
- Delisting Notice: On December 30, 2025, Nasdaq notified the company that its stock closed below $1.00 per share for 30 consecutive business days, violating Listing Rule 5550(a)(2).
- Compliance Extension: On June 30, 2026, Nasdaq granted a second 180-day compliance period, extending the deadline to December 28, 2026.
- Conditions for Extension: The extension was granted because the company met the market value of publicly held shares requirement and all other initial listing criteria, except for the bid price. The company also submitted a written notice of intent to cure the deficiency, potentially via a reverse stock split.
- Current Status: The stock remains listed and traded on The Nasdaq Capital Market pending compliance.
Outlook, Risks, and Contingencies
Management intends to regain compliance by achieving a closing bid price of at least $1.00 per share for ten consecutive business days or by effecting a reverse stock split. If a reverse split is chosen, it must be completed no later than ten business days before the December 28, 2026 deadline.
Risks and Uncertainties:
- There is no assurance the company will regain compliance with the minimum bid price requirement.
- There is no assurance that a reverse stock split will be approved, implemented, or effective.
- If compliance is not demonstrated by December 28, 2026, the stock will be delisted, at which point the company may appeal to a Hearings Panel.
Key Facts for Investor Verification
- Verify the current closing bid price of CISO stock to assess proximity to the $1.00 threshold.
- Monitor for shareholder meeting notices regarding a potential reverse stock split.
- Confirm the company's market value of publicly held shares to ensure continued eligibility for the extension.
- Track the deadline of December 28, 2026, for final compliance determination.