{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-015734","form_type":"8-K","ticker":"CYCU","cik":"0001868419","company_name":"Cycurion, Inc.","filed_at":"2025-09-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.457135+00:00","generated_at":"2026-05-17T05:36:31.761597+00:00","sec_items":["5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Cycurion board waives Series A Preferred lock-up; targets $120k annual cost savings","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-015734","json":"https://secwatch.observer/filing/0001493152-25-015734.json","markdown":"https://secwatch.observer/filing/0001493152-25-015734.md","text":"https://secwatch.observer/filing/0001493152-25-015734.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1868419/000149315225015734/0001493152-25-015734-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1868419/000149315225015734/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:36:31.761597+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}