false 0001777319 0001777319 2023-12-28 2023-12-28 iso4217:USD xbrli:shares iso4217:USD xbrli:shares






Washington, D.C. 20549






Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): December 28, 2023


CISO Global, Inc.

(Exact Name of Registrant as Specified in its Charter)


Delaware   001-41227   83-4210278
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)


6900 E. Camelback Road, Suite 900

Scottsdale, Arizona 85251

(Address of principal executive offices) (Zip Code)


(480) 389-3444

(Registrant’s telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.00001    CISO   The Nasdaq Stock Market LLC


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.






Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.


As previously reported, on March 29, 2023, we were notified by the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the bid price of our listed securities had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”). Therefore, in accordance with Listing Rule 5810(c)(3)(A), we were provided 180 calendar days, or until September 25, 2023, to regain compliance with the Minimum Bid Price Rule. As of September 26, 2023, we had not regained compliance with the Minimum Bid Price Rule. However, the Staff determined that we were eligible for an additional 180 calendar day period, or until March 25, 2024, to regain compliance.


Since then, on December 28, 2023, we received a letter from the Staff notifying us that as of December 26, 2023, our common stock had a closing bid price of $0.10 or less for 10 consecutive trading days. Accordingly, we are subject to the provisions contemplated under Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stocks Rule”), and, as a result, the Staff has determined to delist our securities from Nasdaq. Unless we request an appeal of this determination, trading of our common stock will be suspended at the opening of business on January 8, 2024 and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove our securities from listing and registration on Nasdaq.


We may appeal the Staff’s determination to a Hearings Panel (the “Panel”). A hearing request will stay the suspension of our securities and the filing of the Form 25-NSE pending the Panel’s final decision following the hearing and any extension period that may be granted by the Panel. Accordingly, we plan to timely request a hearing before the Panel. At the hearing, we intend to present our plan to regain compliance with the Minimum Bid Price Rule. Our common stock will continue to trade on Nasdaq under the symbol “CISO” pending the ultimate conclusion of the appeal process. There can be no assurance that we will obtain an extension period from the Panel within which to regain compliance or that, if the Panel grants such an extension period, we will be able to evidence compliance with all applicable requirements for continued listing before the extension period expires.






Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: January 4, 2024 By: /s/ Debra L. Smith
    Debra L. Smith
    Chief Financial Officer




Dec. 28, 2023
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Dec. 28, 2023
Entity File Number 001-41227
Entity Registrant Name CISO Global, Inc.
Entity Central Index Key 0001777319
Entity Tax Identification Number 83-4210278
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 6900 E. Camelback Road
Entity Address, Address Line Two Suite 900
Entity Address, City or Town Scottsdale
Entity Address, State or Province AZ
Entity Address, Postal Zip Code 85251
City Area Code (480)
Local Phone Number 389-3444
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.00001
Trading Symbol CISO
Security Exchange Name NASDAQ
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false

Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more CISO Global Charts.
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more CISO Global Charts.