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CISO - Cerberus Sentinel plunges 20% on public offering
Cerberus Cyber Sentinel Corporation
Cerberus Cyber Sentinel ( NASDAQ: CISO ) is trading ~20% down after the bell after it expects to grant the underwriters a 30-day option to buy up to an additional 15% of the shares offered in the public offering.
The company will use net proceeds for general corporate purposes, which may include working capital, capital expenditures, repayment and refinancing of debt, research and development expenditures, acquisitions of additional companies or technologies, and investments.