CISO Global Comments on Stock Volatility: No Insider Sales — Market Makers Likely Behind Stock Pressure
Scottsdale, Ariz., March 21, 2025 (GLOBE NEWSWIRE) --CISO Global, Inc. (NASDAQ: CISO), an industry leader in AI-powered cybersecurity software, managed cybersecurity, and compliance, confirms that the recent volatility in its stock is not due to insider selling. The Company has confirmed that no Executive or Board Member has sold stock during this week’s abnormal volatility. Additionally, the Company has not utilized the ATM facility in 2025.
Despite a series of positive announcements, including the relationship with Microsoft and AWS, the launch of the Company’s EDGE security platform, and deployment of its Skanda analysis tool, the Company’s shares have suffered under sharp selling pressure this week. The belief is that the price decline is due to market makers engaging in manipulative trading practices, including naked short selling—where shares are sold without being located or even owned. This can create artificial supply, distorting market pricing and misleading investors, especially given that the company is so closely held and has a limited float.
“Our leadership, board, and key stakeholders are steadfast in our commitment to CISO’s future” said CEO & Chairman David Jemmett. “We trust that the true value of our Company will be allowed to be reflected in the market, as we continue to drive long-term growth, innovation, and shareholder value”.
The Company has previously spoken to State and Federal regulators to alert them of observed trading anomalies and activity.
About CISO Global, Inc.
CISO Global, Inc. is a managed cybersecurity and compliance provider that delivers comprehensive solutions designed to protect organizations from the latest cyber threats. Leveraging cutting-edge technology and industry expertise, CISO Global offers tailored services to ensure the security and compliance of its clients ' digital assets.
Organizations seeking guidance on CMMC compliance and cybersecurity best practices can rely on CISO Global’s expertise. For more information, please visit ciso.inc.
Safe Harbor Statement
This news release contains certain statements that may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements include, among others, our belief that we are an industry leader in AI-powered security software, managed cybersecurity, and compliance; our belief that the recent volatility in our stock is not due to insider selling; our belief that no Executive or Board Member has sold stock this week; our belief that the price decline is due to market makers engaging in manipulative trading practices, including naked short selling; our belief that manipulative trading practices can create artificial supply, distort market pricing and mislead investors; our belief that we are closely held and have a limited float; our belief that our leadership, board, and key stakeholders are steadfast in our commitment to CISO’s future; and our belief that we provide comprehensive cybersecurity solutions to our clients and are an innovator in enterprise cybersecurity. These statements are often, but not always, made through the use of words or phrases such as "believes, " "expects, " "anticipates, " "intends, " "estimates, " “predict,” "plan, " “project,” “continuing,” “ongoing,” “potential,” “opportunity,” "will, " "may, " "look forward, " "intend, " "guidance, " "future " or similar words or phrases. These statements reflect our current views, expectations, and beliefs concerning future events and are subject to substantial risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. These risks may be detailed from time to time in the reports filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2023. You should not place undue reliance on any forward-looking statements, which speak only as of the date they are made. Except as required by law, we assume no obligation and do not intend to update any forward-looking statements, whether as a result of new information, future developments, or otherwise.
For Media Inquiries:
Hilary Meyers
hilary.meyers@ciso.inc
(480) 389-3444
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