Cerberus Cyber Sentinel Corporation (OTCPK:CISO) entered into an agreement to acquire True Digital Security, Inc. from a group of seller for approximately $170 million on January 5, 2022. Consideration will be paid in the form of $6.153 million in cash and 8.229 million shares of the Company's common stock. Rory Sanchez, Chief Executive Officer of True Digital, will continue to manage his team of professionals and serve as an executive of the company. The transaction is subject to the Cerberus Stock shall be listed on NASDAQ. David R. Earhart of Gray Reed & McGraw LLP acted as legal advisor to Cerberus. McDonald Hopkins LLC acted as legal advisor to True Digital Security.

Cerberus Cyber Sentinel Corporation (OTCPK:CISO) completed the acquisition of True Digital Security, Inc. from a group of seller on January 7, 2022. As a part of closing, True Digital is now a wholly owned subsidiary of Cerberus Sentinel. True Digital will continue to be based in New York, Florida, and Oklahoma.