Cerberus Sentinel Announces Proposed Public Offering of Common Stock
February 13 2023 - 4:01PM
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 prospectus@cantor.com.
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 other jurisdiction.
About Cerberus Sentinel
Cerberus Sentinel is an industry leader as
a managed cybersecurity and compliance provider. The Company is
rapidly expanding by acquiring world-class cybersecurity, secured
managed services, and compliance companies with top-tier talent
that utilize the latest technology to create innovative solutions
to protect the most demanding businesses and government
organizations against continuing and emerging security threats and
compliance obligations.
Safe Harbor Statement
This press 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. These statements
include, but are not limited to, statements regarding the
completion of the proposed public offering and the anticipated use
of proceeds. 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. Such risks and
uncertainties include whether or not the Company will be able to
raise capital through the sale of shares of common stock or
consummate the offering, the final terms of the offering, the
satisfaction of customary closing conditions, prevailing market
conditions, the anticipated use of the proceeds of the offering
which could change as a result of market conditions or for other
reasons, and the impact of general economic, industry or political
conditions in the United States or internationally, as well as
other risks detailed from time to time in the reports filed with
the Securities and Exchange Commission, including the Company’s
most recent Annual Report on Form 10-K, subsequent Quarterly
Reports on Form 10-Q, and the preliminary prospectus supplement and
the accompanying prospectus related to the proposed public offering
to be filed with the SEC. 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.
Company Contact: Neil Stinchcombe, CMO Cerberus
Sentinel 480-500-7294 Neil.Stinchcombe@cerberussentinel.com
Public Relations Contact: Cathy Morley Foster
Eskenzi PR 925-708-7893 cathy@eskenzipr.com
Corporate Communications: IBN
(InvestorBrandNetwork) Los Angeles, California
www.InvestorBrandNetwork.com 310-299-1717 Office
Editor@InvestorBrandNetwork.com
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