Cycurion board waives Series A Preferred lock-up; targets $120k annual cost savings

Cycurion, Inc.

Board waived lock-up on Series A Convertible Preferred Stock effective Sept 25, 2025.
Original lock-up period: 1 year from Feb 14, 2025; early release conditions (daily trading value >$150k for 30 days, 30-day VWAP >$5.00) not met.
Series A Preferred accrues ~$120,000 per year in stock or cash payments.
Waiver allows conversion to common stock, potentially saving ~$120k annually as part of strategic recapitalization.
Decision aimed at strengthening balance sheet and supporting growth initiatives.

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