AcquisitionsJun 30, 2026, 05:27 PM
Cycurion Acquires Kustom Video Solutions for $5.5M + Earnout
AI Summary
Cycurion, Inc. announced it has entered into an Asset Purchase Agreement to acquire substantially all of the assets of Kustom Entertainment's video-solutions business. The acquisition, valued at an aggregate consideration including $1.25 million cash, a $4.25 million secured promissory note, up to $1.0 million in contingent earnout, and warrants for 2 million shares, is expected to close in early July 2026. This strategic move aims to integrate Kustom's video and evidence management capabilities, including approximately 58 patents and $5.1 million in annual revenue, with Cycurion's cybersecurity platform, expanding its public safety technology offerings and client base.
Key Highlights
- Cycurion, Inc. entered into an Asset Purchase Agreement to acquire Kustom Entertainment's video-solutions business.
- Consideration includes $1.25 million cash, a $4.25 million secured promissory note, and up to $1.0 million contingent earnout.
- Warrants to purchase up to 2,000,000 shares of Cycurion common stock at $2.80 per share are also part of the consideration.
- The acquired business generated approximately $5.1 million in annual revenue and holds $8.0 million in contracted backlog.
- The acquisition includes a portfolio of approximately 58 patents and access to about 1,000 new clients.
- The acquired assets include video surveillance technologies, body-worn cameras, and digital evidence management solutions.
- Closing of the acquisition is expected in early July 2026.
Price Impact
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