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Cerberus Sentinel Announces Proposed Public Offering of Common Stock
Scottsdale, Ariz., Feb. 13, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Cerberus Cyber Sentinel Corporation (“Cerberus Sentinel” or the “Company”) (NASDAQ:
About this update from Ciso Global, Inc.
[{"type":"text","content":"Scottsdale, Ariz., Feb. 13, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Cerberus Cyber Sentinel Corporation (“Cerberus Sentinel” or the “Company”) (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, based in Scottsdale, Ariz., today announced that it has commenced an underwritten public offering of its common stock. In connection with the offering, Cerberus Sentinel intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the public offering. The offering is subject to market and other customary closing conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. Cerberus Sentinel anticipates using the net proceeds from the proposed offering for general corporate purposes, which may include working capital, capital expenditures, repayment and refinancing of debt, research and development expenditures, acquisitions of additional companies or technologies, and investments. A shelf registration statement on Form S-3 (File No. 333-265574) relating to the public offering of the shares of common stock described above was declared effective by the Securities and Exchange Commission (the “SEC”) on June 27, 2022. The offering will be made only by means of a prospectus and prospectus supplement that form a part of the registration statement. Before you invest, you should read the prospectus and prospectus supplement for more complete information about Cerberus Sentinel and this offering. An electronic copy of the preliminary prospectus supplement and accompanying base prospectus relating to the offering will be available on the SEC’s website at www.sec.gov and may also be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, New York, NY 10022 or by email at [email protected]. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or othe...