CISO Global Regains Compliance with Nasdaq Listing Rule 5550(a)(2)

CISO Global, Inc. (NASDAQ:CISO) announced in a recent 8-K filing that on December 5, 2024, the company received written notification from Nasdaq, confirming that it had regained compliance with Nasdaq Listing Rule 5550(a)(2). This rule requires the closing bid price of the company’s common stock to be at or above $1.00 per share for a specified period.

The issue of non-compliance was initially disclosed in a previous filing on June 28, 2024, when CISO Global received a deficiency letter from Nasdaq indicating that the closing bid price of its common stock had fallen below the minimum requirement for continued listing on The Nasdaq Capital Market. Nasdaq had granted CISO Global until December 23, 2024, to rectify the situation and regain compliance.

Following the recent notification from Nasdaq, which confirmed that the closing bid price of CISO Global’s common stock had been at or above $1.00 per share for the required duration, Nasdaq deemed the matter resolved and closed. This development signifies that CISO Global is now back in compliance with Nasdaq Listing Rule 5550(a)(2.

In light of this positive update, CISO Global’s Chief Financial Officer, Debra L. Smith, signed the report on behalf of the company, expressing satisfaction with the outcome.

This compliance achievement represents a significant milestone for CISO Global and reflects the company’s commitment to upholding listing standards on the Nasdaq Stock Market. Investors and stakeholders are expected to view this news favorably as the company continues to navigate its operations within the regulatory framework of the exchange.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read CISO Global’s 8K filing here.

About CISO Global

CISO Global Inc operates as a cybersecurity and compliance company in the United States, Chile, and internationally. The company offers security managed services, including compliance, secured managed, and cyber defense operation services; culture education and enablement; tools and technology provisioning; data, privacy, regulations, and compliance monitoring; remote infrastructure administration; and antivirus and patch management services.