secwatch.observer — SEC 8-K summary
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Issuer:     Cycurion, Inc. (CYCU)
CIK:        0001868419
Form:       8-K
Filed at:   2025-09-26T23:59:59+00:00
Accession:  0001493152-25-015734
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868419/000149315225015734/0001493152-25-015734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868419/000149315225015734/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-015734

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