AcquisitionsJun 9, 2026, 08:32 AM
Cycurion Closes Secuvant Acquisition for $2.875M
AI Summary
Cycurion, Inc. announced the successful closing of its acquisition of Secuvant, LLC, creator of the Panoptic platform, through a merger transaction completed on June 2, 2026. This strategic move aims to accelerate Cycurion's growth by expanding its product portfolio with higher-margin, recurring revenue solutions. The total consideration for the transaction is approximately $2.875 million, comprising $875,000 in cash and $2.0 million in preferred stock, with additional contingent earn-out payments over three years. The acquisition is expected to enhance Cycurion's competitive position and create cross-selling opportunities.
Key Highlights
- Cycurion completed the acquisition of Secuvant, LLC on June 2, 2026.
- Total transaction consideration was approximately $2.875 million.
- Consideration included $875,000 in cash.
- Consideration included 888,888 shares of preferred stock, valued at $2.0 million.
- Secuvant equityholders are eligible for contingent earn-out payments over three years (2026-2028).
- Earn-out includes guaranteed annual payments of $100,000.
- Acquisition expands Cycurion's product portfolio with higher-margin, recurring revenue solutions.
Price Impact
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