CISO Global Announces Strategic Investment to Accelerate Growth and Profitability
Scottsdale, Ariz., Dec. 16, 2024 (GLOBE NEWSWIRE) — CISO Global, Inc. (NASDAQ: CISO), an industry leader in proprietary software, managed cybersecurity, and compliance, today announced that it has received a strategic investment of $6,500,000 from Investors, led by Target Capital, in the form of a convertible note. The primary use of proceeds from this investment will be to pay down short-term debt and improve the company’s balance sheet, accelerating its path to profitability.
The strategic investment underscores Target Capital’s confidence in CISO Global’s business model and long-term vision. By reducing short-term liabilities, the company will enhance its financial flexibility, free up cash flow, and…
