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SCOTTSDALE, AZ – CISO Global, Inc. (NASDAQ:CISO), a management consulting services firm with a market capitalization of $8.21 million, received a notification from the Nasdaq Stock Market on April 30, 2025, indicating that the company no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. According to InvestingPro data, the stock has declined over 85% year-to-date. The company’s common stock has closed below the $1.00 minimum bid price for the past 31 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).
The company has been granted an initial 180-day period, until October 27, 2025, to regain compliance with the minimum bid price requirement. To achieve this, CISO Global’s common stock must maintain a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days before the deadline. The stock currently trades at $0.51, with InvestingPro analysis indicating concerning financial health metrics, including a weak current ratio of 0.14.
If compliance is not met by October 27, 2025, CISO Global may be eligible for an additional 180-day period to regain compliance, provided they meet all other initial listing standards for the Nasdaq Capital Market, except for the minimum bid price requirement. The company may need to undertake measures such as a reverse stock split to meet the requirement.
The notification letter from Nasdaq has no immediate effect on the listing of CISO Global’s common stock, and the company’s shares will continue to trade on the Nasdaq Capital Market. CISO Global plans to actively monitor its stock’s bid price and market value and will consider available options to regain compliance with Nasdaq’s listing rules. However, there is no guarantee that the company will successfully regain compliance or maintain compliance with other listing standards.
This development is based on a press release statement and reflects the current situation regarding CISO Global’s listing status with Nasdaq. With the company’s next earnings report due in 13 days, investors seeking deeper insights into CISO Global’s financial health and prospects can access additional analysis through InvestingPro, which offers 16 additional investment tips and comprehensive financial metrics for the company.
In other recent news, CISO Global, Inc. announced a significant financial milestone by achieving unaudited Adjusted EBITDA profitability, which aligns with its transition to a software-centered business model. The company forecasts generating at least $34 million in adjusted EBITDA profitable revenue in 2025, with an additional $5 million expected from software-related bookings. CISO Global has also strengthened its financial position by fully satisfying convertible notes and extending $7 million in notes, signaling investor confidence. The company has repaid its highest-interest loans, further enhancing its cash flow and supporting its strategic pivot towards a software-led model. Shareholders recently ratified the appointment of Semple, Marchal & Cooper, LLP as the company’s independent auditors, reflecting confidence in the firm’s financial oversight. The board of directors was confirmed with strong shareholder support, ensuring leadership continuity. CISO Global addressed concerns over recent stock volatility, clarifying that no insider selling occurred during this period. CEO David Jemmett suggested that market manipulation might be responsible for the stock’s erratic behavior.
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