CISO - Cerberus Cyber Sentinel to raise capital via stock offering

Cerberus Cyber Sentinel (NASDAQ:CISO) plans to raise up to $300M through offering of stock, preferred stock, warrants, debt securities and units in the upcoming months. The company is authorized to issue up to 250M shares, par value $0.00001 per share, with 135.5M shares issued and outstanding as of Mar.31, 2022. The company board today approved, and recommended that stockholders approved an increase in authorized shares from 250M to 300M and authorized the issuance of 50M shares of preferred stock. Currently, the company is offering up to 146.6M shares assuming sales of 11.1M shares at offer price of $9/share. Net proceeds to be used for general corporate purposes; may temporarily invest in investment-grade, interest-bearing securities

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Cerberus Cyber Sentinel to raise capital via stock offering