Cerberus Sentinel Announces Termination of Public Offering of Common Stock
February 16 2023 - 8:05AM
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
terminated the underwritten public offering of its common stock
previously announced on Feb. 13, 2023. The termination results
from an assessment by the Company’s management that current market
conditions are not conducive for this offering on terms that would
be in the best interests of the Company’s stockholders. As a result
of such termination, no shares of common stock will be sold
pursuant to the offering.
The offering was being made pursuant to an
effective shelf registration statement on Form S-3 declared
effective by the Securities and Exchange Commission on June 27,
2022. 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 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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