Ciso Global Announces Effective Date As March 7, 2024 For 1-For-15 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
CISO Global (NASDAQCM: CISO) announced a 1-for-15 reverse stock split effective March 7, 2024, to reduce outstanding shares from 180 million to 12 million, aiming to increase share price for Nasdaq compliance and future value creation. The adjustment includes equity-based awards, warrants, and convertible notes, with no fractional shares issued. The stock will trade under a new CUISP and ISIN number starting March 8, 2024. Additionally, CISO is deploying an AI-powered security solutions suite valued over $50 million.
March 06, 2024 | 1:39 pm
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CISO Global announces a 1-for-15 reverse stock split to reduce outstanding shares and increase share price for Nasdaq compliance. Also launching a valuable AI security solutions suite.
The reverse stock split is likely to increase the per-share price of CISO, making it more attractive to investors and ensuring compliance with Nasdaq's listing requirements. The launch of a high-value AI security solutions suite could further enhance investor interest and the company's market position, potentially leading to a positive short-term impact on the stock price.
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