CISO Global Announces Strategic Investment to Accelerate Growth and Profitability

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Such forward-looking statements include, among others, our belief that we are an industry leader in proprietary software, managed cybersecurity, and compliance; our belief that the investment from Target Capital ("Target”) will be used to pay short-term debt and will improve our balance sheet; our belief that this funding confirms Target’s confidence in our corporate vision; our belief that the funding will lead to sustained profitability; and our belief that we provide comprehensive cybersecurity solutions to our clients.

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.

"We view CISO as an extremely undervalued business and believe this investment will help the company showcase its ability to generate profit.” The proceeds from this transaction will also allow CISO Global to improve its operating cash flow and accelerate the deployment of its software solutions, reinforcing its commitment to delivering innovative services to its customers.

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Article Details

Author / Journalist: CISO Global

Category: Technology

Markets: China

Topics: Nasdaq:CISO US15672X1028

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 13:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 608 words

Reading Time: 4 minutes read

Sentences: 15 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 24434017

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