CISO Global Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01 Other Items.
As disclosed on our Form 8-K filed on May 2, 2025, we received a deficiency letter from the listing qualifications staff (the “Staff”) of Nasdaq notifying us that, for the last 31 consecutive business days prior to April 30, 2025, the closing bid price of our common stock was below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), we were given until October 27, 2025, to regain compliance with Rule 5550(a)(2).
On June 1, 2025, we received written notification from Nasdaq notifying us that we had regained compliance with Nasdaq Listing Rule 5550(a)(2) as a result of the closing bid price of our common stock being at $1.00 per share or greater for the last 14 consecutive business days, from May 12, 2025 to May 30, 2025. Accordingly, we are now in compliance with Nasdaq Listing Rule 5550(a)(2), and Nasdaq considers the matter closed.
Additionally, as disclosed on our Form 8-K filed on April 11, 2025, we received a deficiency letter from the Staff of Nasdaq notifying us that, as a company listed on the Nasdaq Capital Market, we are required to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing per Listing Rule 5550(b)(1). Our Annual Report on Form 10-K for the year ended December 31, 2024 reported stockholders’ equity of $1,149,064. Therefore, as of April 7, 2025, we did not meet the alternatives of market value of listed securities or net income from continuing operations, and we no longer complied with Listing Rule 5550(b)(1).
On June 2, 2025, we received written notification from Nasdaq notifying us that we had regained compliance with Nasdaq Listing Rule 5550(b)(1) based on our Form 10-Q filed on May 15, 2025, evidencing stockholders’ equity of $6,979,365. Accordingly, we are now in compliance with Nasdaq Listing Rule 5550(b)(1), and Nasdaq considers the matter closed.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
| Exhibit Number | Exhibits | ||
| 99.1 | |||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
| Date: June 3, 2025 | CISO Global, Inc. | |
| By: | /s/ Debra L. Smith | |
| Name: | Debra L. Smith | |
| Title: | Chief Financial Officer | |