Cerberus Cyber Sentinel Terminates Secondary Share Sale, Investors Cheer Announcement

February 16, 2023 11:00 AM | 1 min read |

Cerberus Cyber Sentinel Corp CISO terminated its secondary share sale previously announced on February 13.
The management did not feel the current market conditions as conducive to the best interests of the Company's stockholders.
The cybersecurity and compliance provider had proposed to raise an undisclosed amount via the underwritten offering for general corporate purposes, including working capital, capital expenditures, repayment and refinancing of debt, research and development expenses, acquisitions of other companies or technologies, and investments.
Price Action: CISO shares traded higher by 4.08% at $0.94 on the last check Thursday.