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Cybersecurity firm Cerberus Cyber Sentinel files and sets terms for a $10 million Nasdaq uplisting

December 14, 2021
CISO Global (Cerberus Cyber Sentinel) logo

Cerberus Cyber Sentinel, which provides tailored security solutions through consulting and related services, filed on Tuesday with the SEC to raise up to $10 million in an initial public offering. The company is currently listed on the OTCQB. 

The company plans to raise $10 million by offering 2 million shares at $5. At the proposed deal size, Cerberus Cyber Sentinel would command a market value of $631 million. 

The company states that it provides a full range of cybersecurity consulting and related services, encompassing all pillars of cybersecurity, compliance, and culture, including Secured Managed Services, Compliance Services, SOC Services, Virtual CISO (vCISO) Services, Incident Response, Certified Forensics, Technical Assessments, and Cybersecurity Training.

The Scottsdale, AZ-based company was founded in 2015 and booked $12 million in revenue for the 12 months ended September 30, 2021. It plans to list on the Nasdaq under the symbol CISO. Boustead Securities is the sole bookrunner on the deal.