Form 8-K
8-K — CISO Global, Inc.
Accession: 0001493152-26-015646
Filed: 2026-04-08
Period: 2026-04-07
CIK: 0001777319
SIC: 8742 (SERVICES-MANAGEMENT CONSULTING SERVICES)
Item: Regulation FD Disclosure
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — form8-k.htm (Primary)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of report (Date of earliest event reported): April 7, 2026
CISO
GLOBAL, INC.
(Exact
Name of Registrant as Specified in Charter)
Delaware
001-41227
83-4210278
(State
or Other
(Commission
File
(IRS
Employer
Jurisdiction
of Incorporation)
Number)
Identification
No.)
6900
E. Camelback Road, Suite 900
Scottsdale,
Arizona
85251
(Address
of Principal Executive Offices)
(Zip
Code)
Registrant’s
telephone number, including area code: (480) 389-3444
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.00001 per share
CISO
The
Nasdaq Stock Market LLC
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01.
Regulation
FD Disclosure.
On
April 8, 2026, the Company issued a press release announcing that a no-action request was submitted on our behalf
to the U.S. Securities and Exchange Commission (“SEC”) regarding a proposed Investor-Consent Share Loan Program. A copy of
each of the press release and no-action request is furnished herewith as Exhibits 99.1 and 99.2, respectively,
and is incorporated herein by reference.
The
information in this Item 7.01, including Exhibits 99.1 and 99.2, is furnished and shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as expressly set forth
by specific reference in such filing.
Item
8.01.
Other
Events.
On
April 7, 2026, a no-action request was submitted to the Staff of the SEC (“Staff”) on our behalf seeking confirmation
that the Staff would not recommend enforcement action under Rule 17Ad-20 solely by reason of our adoption and implementation of a proposed
Investor-Consent Share Loan Program, as described in the request. The program is designed to provide beneficial owners with a meaningful
opt-in framework regarding whether their shares may be made available for securities lending through existing intermediaries.
Item
9.01.
Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
No.
Description
99.1
Press
Release, dated April 8, 2026
99.2
No Action Request, dated April 7, 2026
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
CAUTIONARY
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This
Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical facts, including statements regarding
the proposed Investor-Consent Share Loan Program (the “Program”), the no-action request submitted to the Staff of the U.S.
Securities and Exchange Commission (the “SEC Staff”), the potential timing, substance, or outcome of any SEC Staff response,
the expected implementation or operation of the Program, and the anticipated benefits of the Program for shareholders, market transparency,
or investor choice, are forward-looking statements. These statements involve known and unknown risks and uncertainties that may cause
actual results or outcomes to differ materially from those expressed or implied, including: the SEC Staff may not respond to the no-action
request, may decline to grant the requested relief, or may impose conditions or limitations not currently anticipated; any Staff response
would reflect the views of the Staff only and would not constitute a formal rule, regulation, or approval by the Commission; the Program
may not be capable of implementation through existing intermediary relationships as currently contemplated; market, regulatory, or operational
conditions may change in ways that affect the Company’s ability to implement or maintain the Program; and other risks described
from time to time in the Company’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December
31, 2025. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information,
future events, or otherwise, except as required by applicable law.
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:
April 8, 2026
CISO
Global, Inc.
By:
/s/
David G. Jemmett
Name:
David
G. Jemmett
Title:
Chief
Executive Officer
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 2
Exhibit
99.1
FOR
IMMEDIATE RELEASE
CISO
Global Files No-Action Request with SEC Seeking Investor-Consent Framework for Securities Lending
Company
submits request for regulatory clarity following review of short-volume data, publicly reported fails-to-deliver, and shareholder-record
discrepancies; Nick Morgan and Mark Hiraide of ICAN are assisting pro bono
Scottsdale,
Ariz. — April 8, 2026 — CISO Global, Inc. (Nasdaq: CISO), a provider of AI-powered cybersecurity software, managed cybersecurity,
and compliance solutions, today announced the filing of a no-action request with the U.S. Securities and Exchange Commission seeking
regulatory clarity for a proposed Investor-Consent Share Loan Program designed to give shareholders a direct voice in whether their shares
may be made available for securities lending.
The
filing follows the Company’s review of short-volume data, publicly reported fails-to-deliver during late 2025, and shareholder-record
discrepancies that the Company believes warrant greater transparency and investor choice. The Company notes that short sale volume data
and fails-to-deliver data have important interpretive limitations as described by FINRA and the SEC, and their presence does not by itself
establish abusive or unlawful activity. The Company is not alleging in its no-action request that any specific intermediary or market
participant engaged in unlawful conduct.
Why
the proposal matters: CISO believes beneficial owners should have a meaningful say before their shares are placed into securities-lending
channels. Securities lending can serve legitimate market functions, but because it can facilitate short selling, the Company believes
investor consent should be explicit.
Submitted
on the Company’s behalf by Nick Morgan, President of the Investor Choice Advocates Network (ICAN), with support from Mark Hiraide,
the request asks the SEC Staff to confirm it would not recommend enforcement action under Rule 17Ad-20 solely because CISO adopts and
discloses the investor-consent framework described in the filing. ICAN is representing the Company pro bono.
Key
features of the proposed framework:
●
Shareholders would affirmatively opt in before their shares
are treated as available for lending through the program.
●
Consent could be withdrawn at any time, subject to applicable
settlement and recall mechanics.
●
The program would operate through existing shareholder-intermediary
relationships and would not alter DTC, NSCC, or other clearance and settlement infrastructure.
“This
is about one simple principle: informed consent. If a shareholder’s shares may be used in lending activity that can facilitate
short selling, that shareholder should have the right to know, the right to decide, and the right to say no. We are asking the SEC Staff
for clarity on a straightforward question: whether we can give our shareholders a meaningful, affirmative voice before their shares are
made available for lending.”
—
David Jemmett, Chief Executive Officer, CISO Global
“CISO
is using an established SEC process to seek clarity on a narrow but important question: whether investors can be given a meaningful,
affirmative voice before their shares are made available for lending through existing intermediaries. We believe this consent-first framework
is consistent with existing regulatory principles and serves the interests of beneficial owners and market transparency.”
—
Nick Morgan, President, Investor Choice Advocates Network (ICAN)
CISO
believes the proposal aligns with shareholder protection, market transparency, and informed investor choice. The Company also believes
the filing reflects a broader commitment to address market-structure concerns through established regulatory channels.
There
can be no assurance that the SEC Staff will grant the requested no-action relief or as to the timing or substance of any response. Any
response from the Staff would reflect the views of the Staff only and would not constitute a formal rule, regulation, or approval by
the Commission.
About
CISO Global
CISO
Global, Inc. (Nasdaq: CISO), headquartered in Scottsdale, Arizona, provides AI-powered cybersecurity software, managed cybersecurity
and compliance solutions designed to protect organizations from evolving cyber threats and support their compliance obligations. More
information is available at ciso.inc and ir.ciso.inc/investor-alerts.
Safe
Harbor Statement
This
news release contains forward-looking statements, within the meaning of federal securities laws, and we intend that such forward-looking
statements be subject to the safe harbor created thereby, including statements regarding the no-action request, the proposed Investor-Consent
Share Loan Program, the potential timing or substance of any SEC Staff response, the potential implementation of the proposed framework,
and the expected benefits of the proposal for shareholders, market transparency, and investor choice. These forward-looking statements
are based on current expectations and are subject to risks and uncertainties, including: the SEC Staff may not respond to, or may decline
to grant, the no-action request; the SEC Staff or Commission could view the Program unfavorably or take a contrary position in the future,
even if initial relief is granted; the Program may not be capable of implementation through existing intermediary relationships as currently
contemplated; regulatory developments, operational constraints, and market conditions may affect the Company’s ability to implement
or maintain the Program; and other risks described from time to time in the Company’s filings with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Actual results may differ materially
from those expressed or implied in these statements. The Company undertakes no obligation to update any forward-looking statements except
as required by law.
For
Media Inquiries:
Debra
Gallington
debra.gallington@ciso.inc
(480)
389-3444
EX-99.2
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99.2
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Apr. 07, 2026
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