CISO Global, Inc. Form 8-K Summary
Business Context and Reporting Period
CISO Global, Inc. (Nasdaq: CISO), a Delaware corporation, filed this Current Report on Form 8-K on July 19, 2023. The company is headquartered in Scottsdale, Arizona, and operates in the cybersecurity sector. The filing serves as a Regulation FD disclosure regarding a material corporate event.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is a disclosure of a corporate transaction rather than a periodic financial report.
Material Changes
On July 19, 2023, CISO Global, Inc. announced the acquisition of SB Cyber Technologies, LLC. SB Cyber Technologies is a veteran-owned cybersecurity company specializing in identifying, enhancing, and applying emerging government and military-grade capabilities to critical commercial technical security challenges.
Guidance, Outlook, and Risks
The filing does not provide updated financial guidance, management outlook, or specific risk factors related to the acquisition. 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, nor is it incorporated by reference into other Company filings unless expressly stated.
Investor Verification Checklist
- Verify the specific terms of the acquisition agreement with SB Cyber Technologies, LLC, which are not detailed in this 8-K.
- Confirm the financial impact of the acquisition on future earnings and cash flow in subsequent periodic reports (10-Q or 10-K).
- Review the attached press release (Exhibit 99.1) for additional strategic context regarding the integration of military-grade capabilities.
- Monitor for any subsequent filings detailing the consideration paid for the acquisition.