CISO Global, Inc. 8-K

What Happened

• CISO Global, Inc. announced on April 8, 2026 that it submitted a no-action request to the U.S. Securities and Exchange Commission staff regarding a proposed Investor-Consent Share Loan Program.
• The no-action request was submitted on April 7, 2026 and seeks confirmation that the SEC staff would not recommend enforcement action under Rule 17Ad-20 solely because CISO adopts and implements the proposed Program.
• The Company furnished both a press release (Exhibit 99.1) and the no-action request (Exhibit 99.2) in its Form 8-K.

Key Details

• Date of no-action request: April 7, 2026; press release dated April 8, 2026.
• Purpose: the Program is designed to give beneficial owners an opt-in framework to decide whether their shares may be made available for securities lending through existing intermediaries.
• Regulatory focus: relief requested relates specifically to SEC Rule 17Ad-20 (securities lending intermediary obligations).
• The filing includes a forward-looking statements caution noting the SEC staff may not respond, could decline relief, or could impose conditions.

Why It Matters

• For shareholders: the Program aims to increase investor choice by allowing beneficial owners to opt in (or not) to having their shares loaned via intermediaries.
• For investors evaluating the company: this is a regulatory-development filing—not a change in business results—and its impact depends on whether the SEC staff grants the requested relief and on operational implementation.
• Risk note: the filing explicitly warns there is no guarantee of SEC approval or of successful implementation; investors should watch for any SEC response or further company updates.