CISO Global, Inc. (Cerberus Cyber Sentinel Corporation) - 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Cerberus Cyber Sentinel Corporation (trading as CISO Global, Inc., ticker: CISO) on March 13, 2023, reporting events as of March 10, 2023. The company is incorporated in Delaware and listed on The Nasdaq Stock Market LLC. The filing addresses regulatory disclosure requirements under Item 7.01 (Regulation FD) regarding banking relationships during the 2023 regional banking crisis.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current event disclosure and does not contain financial statements or performance metrics.
Material Changes
There are no material changes to financial performance or operations reported in this document. The sole material disclosure is a confirmation regarding the company's banking relationships.
Management Commentary and Risks
Management explicitly confirmed that Cerberus Cyber Sentinel Corporation does not hold any deposits, securities, or maintain any accounts at, nor have any other banking relationship with, the following institutions: Silicon Valley Bank, Signature Bank, First Republic Bank, Ally Bank, or Silvergate Bank. This statement was issued to mitigate investor concerns regarding potential exposure to the failures of these specific banks.
Key Facts for Investor Verification
- The company has no financial exposure to Silicon Valley Bank, Signature Bank, First Republic Bank, Ally Bank, or Silvergate Bank.
- The filing is a regulatory confirmation and contains no financial data or forward-looking guidance.
- The company is classified as an emerging growth company.
- The report was signed by Debra L. Smith, Chief Executive Officer.