---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-004275"
form_type: "8-K"
ticker: "CYCU"
cik: "0001868419"
company_name: "Cycurion, Inc."
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T14:55:59.709266+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# WAVS enters forward purchase agreement to backstop up to 300K shares in Cycurion business combination

## Summary
- Alpha Capital purchased 300,000 shares from redeeming stockholders and waives redemption rights in WAVS-Cycurion merger.
- Put right: Alpha may sell shares to WAVS at redemption price between 6-12 months post-closing, with acceleration triggers.
- Agreement includes reset price mechanism starting at $8.00, subject to adjustments based on VWAP.
- WAVS will fund escrow account at closing equal to redemption price times shares held by Alpha.
- Brokerage fees reimbursed up to $0.05/share purchase and $0.02/share disposition.

## SEC filing metadata
- accession: 0001104659-23-004275
- form_type: 8-K
- ticker: CYCU
- cik: 0001868419
- company_name: Cycurion, Inc.
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1868419/000110465923004275/0001104659-23-004275-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868419/000110465923004275/tm233693d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-004275
- JSON: https://secwatch.observer/filing/0001104659-23-004275.json
- Plain text: https://secwatch.observer/filing/0001104659-23-004275.txt

## Key facts
- Material Agreements
  Cycurion, Inc. entered into Forward Share Purchase Agreement with Alpha Capital Anstalt (effective 2023-01-10).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Alpha Capital Anstalt
  - Effective: 2023-01-10
  source text: On January 10, 2023, Western Acquisition Ventures Corp. (“WAVS”), Cycurion, Inc., a Delaware corporation (“Cycurion”), and Alpha Capital Anstalt (“Alpha”), entered into a Forward Share Purchase Agreement (the “Forward Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868419/000110465923004275/0001104659-23-004275-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.