8-K: CISO Global Gets Nasdaq Bid Price Extension

CISO Global, Inc. has received an additional 180-day period from Nasdaq to regain compliance with the minimum bid price requirement.

Summary

• CISO Global, Inc. was notified by Nasdaq on June 30, 2026, that it has been granted an additional 180-day period, until December 28, 2026, to regain compliance with the minimum bid price requirement for continued listing.
• The company previously received a notification on December 30, 2025, that its common stock bid price had closed below $1.00 for 30 consecutive business days.
• The extension was granted because CISO Global meets the continued listing requirement for market value of publicly held shares and all other applicable initial listing requirements for The Nasdaq Capital Market, except for the bid price.
• The company has informed Nasdaq of its intention to cure the deficiency by effecting a reverse stock split, if necessary.
• Compliance can be achieved if the closing bid price of the common stock is at least $1.00 per share for a minimum of ten consecutive business days.
• If a reverse stock split is implemented, it must be completed no later than ten business days prior to the expiration date of the compliance period.
• Failure to demonstrate compliance by December 28, 2026, will result in the common stock being delisted, with an option to appeal to a Hearings Panel.
• The current listing status on The Nasdaq Capital Market remains unaffected, provided the company adheres to other listing requirements.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it addresses a critical compliance issue with a positive outcome (extension) but highlights ongoing risks and uncertainties regarding the company's ability to meet the requirements.

Positives

• Granted an additional 180-day compliance period by Nasdaq, extending the deadline to December 28, 2026.
• Meets continued listing requirements for market value of publicly held shares and all other initial listing criteria for The Nasdaq Capital Market, excluding the bid price.
• The company has a clear plan to address the bid price deficiency, including the potential for a reverse stock split.
• The common stock will continue to be listed and traded on The Nasdaq Capital Market during the extended compliance period.

Negatives

• The company's common stock bid price has closed below $1.00 for 30 consecutive business days as of December 30, 2025.
• There is no assurance that the company will be able to regain compliance with the minimum bid price requirement by the December 28, 2026 deadline.
• There is no guarantee that any actions taken, such as a reverse stock split, will be effective in regaining compliance or that compliance will be maintained.

Risks

• Potential delisting from The Nasdaq Capital Market if compliance with the minimum bid price requirement is not achieved by December 28, 2026.
• The effectiveness of a reverse stock split, if implemented, in regaining compliance is not guaranteed.
• The company may not be able to maintain compliance with other Nasdaq listing requirements.
• The forward-looking statements regarding regaining compliance are subject to significant risks, uncertainties, and assumptions that could cause actual events to differ materially.

Future Outlook

The company has until December 28, 2026, to regain compliance with Nasdaq's minimum bid price requirement, potentially through a reverse stock split. There is no assurance of success in regaining or maintaining compliance.

Management Comments

• Although we will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that we will be able to regain compliance with that rule or will otherwise be in compliance with other listing criteria of The Nasdaq Capital Market.

Industry Context

StockSavvy.ai notes that maintaining a minimum bid price is a common challenge for smaller-cap companies, and Nasdaq provides compliance periods and mechanisms like reverse stock splits to allow companies to rectify these issues without immediate delisting.

Stakeholder Impact

• Shareholders: Continued listing on Nasdaq provides liquidity and market access, but the risk of delisting remains if compliance is not achieved. A reverse stock split could impact share price and perception.
• Creditors: Continued listing may provide some assurance of market stability, but the underlying financial health issues that led to the bid price problem could still be a concern.
• Employees: Continued listing on a major exchange can contribute to employee morale and confidence in the company's stability.

Next Steps

• Implement a reverse stock split, if necessary, no later than ten business days prior to December 28, 2026.
• Achieve a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days by December 28, 2026.
• Continue to comply with all other applicable listing requirements of The Nasdaq Capital Market.
• Potentially appeal a delisting determination to a Hearings Panel if compliance cannot be demonstrated by December 28, 2026.

Key Dates

Recommendation

The filing indicates a critical compliance issue with Nasdaq's bid price rule, but the company has secured an extension and has a plan to rectify the situation. While the extension is positive, the inherent risk of delisting if compliance is not achieved by December 28, 2026, warrants a cautious 'hold' recommendation until the company demonstrates sustained compliance.

Keywords

Nasdaq, Delisting, Bid Price, Compliance, Reverse Stock Split, CISO Global, Form 8-K, Listing Requirements, Securities Exchange Act