CISO Global to Delist from Nasdaq Due to Non-Compliance
Ticker: CISO · Form: 8-K · Filed: Jan 4, 2024 · CIK: 1777319
| Field | Detail |
|---|---|
| Company | Ciso Global, INC. (CISO) |
| Form Type | 8-K |
| Filed Date | Jan 4, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001, $1, $0.10 |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: delisting, regulatory-non-compliance, exchange-transfer
TL;DR
**CISO Global is getting delisted from Nasdaq, expect lower liquidity and potential price drops.**
AI Summary
CISO Global, Inc. announced on December 28, 2023, that its common stock, previously traded under the symbol 'CISO' on The Nasdaq Stock Market LLC, will be delisted. This delisting is due to the company's failure to meet Nasdaq's continued listing standards. This matters to investors because delisting often leads to decreased liquidity and investor confidence, potentially making it harder to buy or sell shares and possibly driving down the stock price.
Why It Matters
Delisting from a major exchange like Nasdaq can significantly reduce a stock's visibility and liquidity, making it less attractive to institutional investors and potentially leading to a lower share price.
Risk Assessment
Risk Level: high — Delisting from a major exchange like Nasdaq is a significant negative event that typically leads to reduced trading volume and investor interest.
Analyst Insight
A smart investor would consider selling any existing shares of CISO Global, Inc. to avoid further potential losses due to decreased liquidity and investor confidence following the Nasdaq delisting.
Key Players & Entities
- CISO Global, Inc. (company) — the registrant whose stock is being delisted
- The Nasdaq Stock Market LLC (company) — the exchange from which CISO Global's stock is being delisted
- December 28, 2023 (date) — the date of the earliest event reported regarding the delisting
- CISO (company) — the trading symbol for CISO Global, Inc. common stock
Forward-Looking Statements
- CISO Global's stock price will likely experience significant downward pressure following the delisting. (CISO Global, Inc.) — high confidence, target: Q1 2024
- Trading volume and liquidity for CISO Global shares will decrease substantially. (CISO Global, Inc.) — high confidence, target: Q1 2024
FAQ
What is the primary reason for CISO Global, Inc.'s delisting from Nasdaq?
The primary reason for CISO Global, Inc.'s delisting is its failure to satisfy a continued listing rule or standard of The Nasdaq Stock Market LLC, as indicated in the 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing' item.
When was the earliest event reported regarding this delisting?
The earliest event reported regarding this delisting occurred on December 28, 2023, as stated in the 'Date of Report (Date of earliest event reported)' section of the filing.
What was CISO Global, Inc.'s trading symbol on Nasdaq?
CISO Global, Inc.'s trading symbol on The Nasdaq Stock Market LLC was 'CISO' for its Common Stock, $0.00001 par value.
What is CISO Global, Inc.'s business address?
CISO Global, Inc.'s business address is 6900 E. Camelback Road, Suite 900, Scottsdale, Arizona 85251, with a business phone number of (480) 389-3444.
What was the former name of CISO Global, Inc.?
The former company name for CISO Global, Inc. was CERBERUS CYBER SENTINEL CORP, with the date of name change being 20190520.
Filing Stats: 747 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-01-04 16:00:20
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 CISO The Nasdaq Stock Market LLC
- $1 — sted securities had closed at less than $1 per share over the previous 30 consecut
- $0.10 — common stock had a closing bid price of $0.10 or less for 10 consecutive trading days
Filing Documents
- form8-k.htm (8-K) — 35KB
- 0001493152-24-001071.txt ( ) — 231KB
- ciso-20231228.xsd (EX-101.SCH) — 3KB
- ciso-20231228_def.xml (EX-101.DEF) — 26KB
- ciso-20231228_lab.xml (EX-101.LAB) — 33KB
- ciso-20231228_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES 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. CISO GLOBAL, INC. Date: January 4, 2024 By: /s/ Debra L. Smith Debra L. Smith Chief Financial Officer