CISO Global (CISO) Eliminates Convertible Debt

CISO Global, Inc. (NASDAQ: CISO), a leader in AI-powered cybersecurity software and managed security services, today announced that Target Capital 14, LLC and Secure Net Capital, LLC have had their convertible notes fully satisfied, marking another major financial milestone as the Company strengthens its balance sheet. This follows a series of positive corporate developments, including the announcement of unaudited Adjusted EBITDA profitability, reinforcing investor confidence and aligning shareholder interests with long-term value creation.

Additionally, CISO Global reaffirms that the $7 million in convertible notes it holds have been extended on existing terms. These notes are held by a Company Advisory Board member and Hensley Beverage Company, whose CEO, Andy McCain, serves on CISO’s Board of Directors. With the Company now profitable, on an unaudited Adjusted EBITDA basis, and focused on accelerating software sales, these notes will be repaid over time through cash flow.

“We remain deeply committed to CISO Global and its mission,” said Andy McCain. “Extending our investment reflects our long-term confidence in the team, strategy, and ability to drive sustainable value for stakeholders.”

Deb Smith, CFO of CISO Global, added: “With our strongest balance sheet to date, we are now focused on expanding recurring revenue through software sales to existing customers and channel partners. CISO is also very appreciative of our vendors for working with and helping the company to achieve this stage.”

With a solid financial foundation and increasing momentum, CISO Global remains committed to executing its growth strategy, maximizing shareholder value, and delivering industry-leading cybersecurity solutions.

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