Corporate ActionJul 2, 2026, 05:33 PM
Cycurion Files S-1 for 25.89M Share Resale; Secuvant Merger Completed
AI Summary
Cycurion, Inc. filed an S-1 registration statement for the resale of up to 25,888,888 shares of common stock by selling stockholders, including shares from an Equity Purchase Agreement with Yield Point NY LLC and the recent Secuvant Merger. The company completed the Secuvant Merger for approximately $2.875 million and entered a binding agreement to acquire Halo Privacy, Inc. and havenX, Inc. Additionally, Cycurion expects a Nasdaq non-compliance notice due to its stock trading below $1.00.
Key Highlights
- Filed S-1 registration statement for resale of up to 25,888,888 shares of Common Stock.
- Completed Secuvant Merger on June 3, 2026, for approximately $2.875 million.
- Entered binding agreement to acquire Halo Privacy, Inc. and havenX, Inc. on May 7, 2026.
- Raised approximately $3.3 million by selling 4,630,000 shares to Yield Point NY LLC.
- Approximately $49.7 million remains available under the $60 million Equity Purchase Agreement.
- Expects Nasdaq non-compliance notice for minimum bid price, trading below $1.00 since May 22, 2026.
- Restructured outstanding debt with IQ Financial, M2B, and Obsidian on June 1, 2026.
- Ana L. Garcia appointed Chief Financial Officer, effective June 1, 2026.
Price Impact
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