CISO Global Faces Nasdaq Delisting Notice, Board Changes
Ticker: CISO · Form: 8-K · Filed: Jan 14, 2025 · CIK: 1777319
| Field | Detail |
|---|---|
| Company | Ciso Global, INC. (CISO) |
| Form Type | 8-K |
| Filed Date | Jan 14, 2025 |
| Risk Level | high |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.00001, $4 million, $250M, $40M |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, board-changes, listing-rules
TL;DR
Nasdaq's kicking CISO out, board's a mess, stock might tank.
AI Summary
CISO Global, Inc. announced on January 8, 2025, that it received a notice from the Nasdaq Stock Market indicating non-compliance with listing rules. The company is also reporting changes in its board of directors and certain officers, including the departure of directors and the election of new ones, along with updates on compensatory arrangements for its officers.
Why It Matters
This filing signals potential delisting from Nasdaq, which could significantly impact the company's stock liquidity and investor confidence, while also indicating internal leadership changes.
Risk Assessment
Risk Level: high — The notice of delisting from Nasdaq presents a significant risk to the company's continued trading and market accessibility.
Key Players & Entities
- CISO Global, Inc. (company) — Registrant
- Nasdaq Stock Market (company) — Listing Exchange
- January 8, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
FAQ
What specific Nasdaq listing rule(s) did CISO Global, Inc. fail to meet?
The filing states the company received a notice of "non-compliance with the minimum bid price requirement" and "failure to satisfy a continued listing rule or standard" but does not specify which rule beyond the bid price.
What is the date of the earliest event reported in this 8-K?
The earliest event reported is January 8, 2025.
What are the reported changes in the company's leadership?
The filing indicates the departure of directors, election of new directors, and appointment of certain officers, along with updates on compensatory arrangements.
What was CISO Global, Inc.'s former name?
The company's former name was CERBERUS CYBER SENTINEL CORP, with a date of name change on May 20, 2019.
Where is CISO Global, Inc. incorporated and what is its business address?
CISO Global, Inc. is incorporated in Delaware and its business address is 6900 E. Camelback Road, Suite 240, Scottsdale, AZ 85251.
Filing Stats: 1,392 words · 6 min read · ~5 pages · Grade level 13 · Accepted 2025-01-14 17:16:23
Key Financial Figures
- $0.00001 — h registered Common shares (par value $0.00001 per share) CISO The Nasdaq Stock Ma
- $4 million — ase Agreement) equal to an aggregate of $4 million in gross proceeds being paid to the Com
- $250M — KPLTW) and served as COO, raising over $250M in capital and expanding the team to 10
- $40M — on Audio Visual, growing the company to $40M in sales. His educational background in
Filing Documents
- form8-k.htm (8-K) — 47KB
- 0001493152-25-002225.txt ( ) — 221KB
- ciso-20250108.xsd (EX-101.SCH) — 3KB
- ciso-20250108_lab.xml (EX-101.LAB) — 33KB
- ciso-20250108_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
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. QUANTUM COMPUTING INC. Date: January 14, 2025 By: /s/ David G. Jemmett David G. Jemmett Chief Financial Officer and Director 4