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. The primary use of proceeds from this investment will be to pay down short-term debt and improve the company’s balance sheet, accelerating its path to profitability.
The strategic investment underscores Target Capital’s confidence in CISO Global’s business model and long-term vision. By reducing short-term liabilities, the company will enhance its financial flexibility, free up cash flow, and invest in scaling its software sales to existing clients and channel partners.
“This investment marks a pivotal step in CISO Global’s journey toward sustained profitability,” said David Jemmett, CEO of CISO Global. “By strengthening our balance sheet and reducing debt, we are well-positioned to channel resources into high-impact growth initiatives. Our focus on expanding software sales within our established client base and partner network will drive revenue growth and operational efficiency.”
“We are extremely excited to work with David Jemmett and the CISO team to help unlock the true value of the business,” said Dmitriy Shapiro of Target Capital. “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.
RBW Capital Partners LLC, offering all securities through Dominari Securities LLC, served as the exclusive placement agent for the offering.
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