Cycurion, Inc.

Cycurion, Inc. announced it is actively combating a coordinated adversarial campaign that manipulated its stock prices, including a fabricated press release and spoofing activity. The company has filed a lawsuit, seeking over $30 million in damages, and is investigating financial institutions involved. Despite these challenges, Cycurion highlighted significant operational improvements, including a 70% reduction in net debt, strategic acquisitions, and new contract wins.

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.

Cycurion, Inc. filed an amendment to its 2025 Form 10-K to include Part III information, which was not timely filed. The amendment announced the appointment of Ana L. Garcia as the new Chief Financial Officer, effective June 1, 2026, following the resignation of Alvin McCoy III. The filing also detailed executive compensation for 2025, including significant option awards for the CEO and former CFO, and provided updates on the company's corporate governance structure and equity incentive plan.

Cycurion, Inc. completed a comprehensive debt restructuring on June 1, 2026, with key noteholders IQ Financial, Obsidian Associates, LLC, and M2B Funding Corp. The company restructured over $4.8 million in outstanding indebtedness, including principal, accrued interest, and default-related amounts. This was achieved through the issuance of new convertible promissory notes and Series H Convertible Preferred Stock, effectively consolidating obligations and eliminating prior defaults and penalties.

Cycurion, Inc. announced a Chief Financial Officer transition. Alvin McCoy III stepped down as CFO effective May 31, 2026, and will move into a strategic advisory role. Ana Garcia was appointed as the new CFO, effective June 1, 2026. Ms. Garcia brings over 20 years of senior finance leadership experience from various technology companies and will receive an annual base salary of $300,000, along with bonus and equity incentives.

Cycurion, Inc. announced the appointment of Ana Garcia as its new Chief Financial Officer, effective June 1, 2026. Ms. Garcia brings over 20 years of senior finance leadership experience from various public and private technology companies, including her recent role as VP of Finance and Interim CFO at KLDiscovery. She succeeds Alvin McCoy III, who will transition from CFO on May 31, 2026, to a strategic advisory role focused on growth initiatives. CEO Kevin Kelly highlighted Ms. Garcia's public-company expertise and ability to scale finance functions as instrumental for the company's organic growth and M&A strategy.

Cycurion, Inc. announced a strategic merger agreement to acquire Halo Privacy, Inc. and integrate HavenX, Inc., creating an AI-driven platform for government-grade privacy, secure communications, and active defense. The aggregate consideration includes $1.0 million in cash and $1.5 million in Parent common stock at closing, along with future earnout and fixed installment payments totaling $7.5 million. Halo Privacy reported $7 million in 2025 revenue, including $5.5 million in high-quality annual recurring revenue, with 95% of its business from U.S. government agencies.

Cycurion, Inc. announced the acquisition of Secuvant, LLC, a premier provider of enterprise-grade cybersecurity and risk management services. This strategic move is expected to contribute approximately $3 million in annualized revenue and $1.5 million in EBITDA for fiscal year 2026. The acquisition strengthens Cycurion's MDR, threat and vulnerability management, and compliance capabilities, integrating Secuvant's expertise with Cycurion's AI-powered ARx and HavenX platforms for enhanced end-to-end protection and operational efficiencies. The total consideration is approximately $2.875 million, comprising cash and preferred stock, with potential earn-out payments over three years.

Cycurion reported a net loss of $2.13 million for Q1 2026, an improvement from the $10.25 million loss in Q1 2025, primarily due to significantly lower operating expenses. However, revenue decreased to $3.27 million from $3.87 million year-over-year. The company continues to face substantial doubt about its ability to continue as a going concern, with an accumulated deficit of $29.0 million and a working capital deficit of $12.0 million as of March 31, 2026. Management plans to improve operations and raise additional capital through a public offering.

Cycurion reported its first-quarter 2026 results, showing a significant financial turnaround with net loss improving 51.5% to $2.6 million and gross margin expanding 900 basis points to 21.1%. The company also announced binding agreements to acquire Halo Privacy and HavenX, which are expected to add approximately $7 million in annualized contracted revenue at a 55% gross margin. These acquisitions, combined with existing backlog, are projected to increase annual revenue visibility to $21 million to $22 million, reflecting a strategic shift towards higher-margin contracts and disciplined cost management.