UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
(Amendment No. 1)
(Mark One)
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2021
or
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________________________ to __________________________
Commission file number 001-41227
CERBERUS CYBER SENTINEL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 83-4210278 | |
State or Other Jurisdiction | (I.R.S. Employer | |
of Incorporation or Organization | Identification No.) |
6900 E. Camelback Road, Suite 240, Scottsdale, AZ 85251
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (480) 389-3444
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Common Stock, $0.00001 par value | CISO | The Nasdaq Stock Market LLC |
Securities registered pursuant to Section 12(g) of the Act: Common Stock, par value $0.00001
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ☐ | Accelerated filer | ☐ |
Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
Emerging growth company | ☒ |
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒
The aggregate market value of the common stock held by non-affiliates of the registrant as of the last business day of the registrant’s most recently completed second fiscal quarter (June 30, 2021) was $165,667,445, computed by reference to the price at which the common stock was last sold ($8.14 per share).
The registrant had shares of common stock outstanding as of April 15, 2022.
Auditor Firm ID | Auditor Name | Auditor Location | ||
178 | Semple, Marchal & Cooper, LLP | Phoenix, Arizona |
EXPLANATORY NOTE
We are filing this Amendment No. 1 (this “Amendment”) to our Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the Securities and Exchange Commission on April 15, 2022 (the “Original Form 10-K”). The purpose of this Amendment is to file Exhibits 23.1 and 23.2, Consents of Independent Registered Public Accounting Firm, which include the consents to the incorporation by reference of (i) Semple, Marchal & Cooper, LLP’s report dated April 15, 2022 with respect to our consolidated financial statements for the years ended December 31, 2021 and 2020 and (ii) Baker Tilly Chile Ltda.’s report dated April 15, 2022 with respect to the consolidated financial statements of Arkavia Networks SpA for the period from December 1, 2021 to December 31, 2021 (collectively, the “Auditor Consents”), into our Registration Statement on Form S-8, No. 333-259163. The Auditor Consents were inadvertently omitted from the Original Form 10-K.
In accordance with Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Item 15(b) of Part IV of the Original Form 10-K is hereby amended and restated in its entirety. In addition, as required by the Exchange Act, new certifications by our principal executive officer and principal financial officer are filed herewith as exhibits to this Amendment pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act.
Except as described above, no other changes have been made to the Original Form 10-K, and this Amendment does not amend, update, or change any other items or disclosures in the Original Form 10-K. The Original Form 10-K continues to speak as of its original filing date. This Amendment does not reflect subsequent events occurring after the filing date of the Original Form 10-K or modify or update in any way disclosures in the Original Form 10-K.
-2- |
PART IV
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(b) Exhibits.
*Filed herewith.
**Filed with Original Form 10-K.
***Certain exhibits, annexes, and/or schedules have been omitted from this filing pursuant to Item 601(b)(2) of Regulation S-K. We agree to furnish supplementally a copy of any omitted exhibit, annex, or schedule to the Securities and Exchange Commission upon request.
#
Management contracts and compensatory plans and arrangements.
-3- |
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
CERBERUS CYBER SENTINEL CORPORATION
By: | /s/ David G. Jemmett | |
Name: | David G. Jemmett | |
Title: | Chief Executive Officer (Principal Executive Officer) | |
Date: | July 15, 2022 |
-4- |
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
Cerberus Cyber Sentinel Corporation
Scottsdale, Arizona
We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 filed on August 30, 2021, of our report dated April 15, 2022, with respect to the consolidated balance sheets of Cerberus Cyber Sentinel Corporation (the “Company”) as of December 31, 2021 and 2020, and the related consolidated statements of operations, changes in stockholders’ equity and cash flows for the two years then ended, which report appears in the Company’s Form 10-K, dated April 15, 2022.
Our report dated April 15, 2022, relating to the consolidated financial statements of Cerberus Cyber Sentinel Corporation, Inc. for the year ended December 31, 2021 refers to other auditors. We did not audit the financial statements of Arkavia Networks, SpA, a wholly-owned subsidiary, which statements reflect total assets of $12.1 million at December 31, 2021, and total revenues of $1.3 million for the month then ended. Those statements were audited by another auditor whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for Arkavia Networks, SpA, is based solely on the report of the other auditor.
Certified Public Accountants
Phoenix, Arizona
July 15, 2022
Exhibit 23.2
Exhibit 31.3
CERBERUS CYBER SENTINEL CORPORATION
CERTIFICATE
PURSUANT TO SECTION 302
I, David G. Jemmett, certify that:
1. | I have reviewed this Annual Report on Form 10-K for the year ended December 31, 2021 for Cerberus Cyber Sentinel Corporation; and |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report. |
Date: | July 15, 2022 | |
By: | /s/ David G. Jemmett | |
Name: | David G. Jemmett | |
Title: | Chief Executive Officer (Principal Executive Officer) |
Exhibit 31.4
CERBERUS CYBER SENTINEL CORPORATION
CERTIFICATE
PURSUANT TO SECTION 302
I, Debra L. Smith, certify that:
1. | I have reviewed this Annual Report on Form 10-K for the year ended December 31, 2021 for Cerberus Cyber Sentinel Corporation; and |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report. |
Date: | July 15, 2022 | |
By: | /s/ Debra L. Smith | |
Name: | Debra L. Smith | |
Title: | Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) |