CISO Global Seeks Stockholder Approval for 1-for-50 Reverse Split to Avoid Nasdaq Delisting
CISO sits 20% above its 52-week low of $0.2 on light trading volume (0.3× avg).
Summary
CISO Global's preliminary proxy seeks approval for a reverse stock split of up to 1-for-50 to regain Nasdaq compliance, with the annual meeting set for November 19, 2026.
Key Events · Corporate Governance and Compliance · CISO
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Reverse Split Proposal
Board approved a reverse stock split of 1-for-2 to 1-for-50 on September 14, 2026, subject to stockholder vote at the November 19, 2026 annual meeting.
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Nasdaq Delisting Risk
Company has until December 28, 2026 to regain the $1.00 minimum bid price; without the split, Nasdaq will initiate delisting proceedings.
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Financial Distress Context
Last 10-Q showed cash of $721K, a working capital deficit of $8.5M, and a $1.87M preferred stock redemption obligation — the split is a survival move to preserve capital access.
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Board Discretion on Ratio
Exact split ratio will be set by the board within the 1-for-2 to 1-for-50 range based on market conditions, with no further stockholder vote required.
Analysis · CISO · Trade & Services
CISO Global is asking stockholders to approve a reverse stock split of up to 1-for-50 to lift its share price back above Nasdaq's $1.00 minimum bid requirement. The company received a second 180-day compliance period ending December 28, 2026, and the board has made clear that without the split, delisting is likely. With cash at just $721K and a working capital deficit of $8.5M as of the last 10-Q, losing the Nasdaq listing would further choke off access to capital. The split itself does not change ownership percentages, but it is a distress signal — the company is fighting to stay listed while its financial position remains precarious.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CISO was trading at $0.24 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $11.1M. The 52-week trading range was $0.20 to $1.48. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.