other_material
confidence high
sentiment neutral
materiality 0.65
Cycurion approves 3x share increase, reverse split; amends iQSTEL stock swap
Cycurion, Inc.
- Authorized shares increased from 100M to 300M; reverse stock split ratio range 3:1 to 75:1 (aggregate cap 250:1).
- Stock-for-stock exchange with iQSTEL amended: closing extended from 30 to 60 business days; dividend flexibility added.
- Cycurion issued 3,866,976 shares to iQSTEL and received 151,058 iQSTEL shares, each tranche valued at $1M.
- Each company must distribute $500K dividend to shareholders by Dec 31, 2025, using either counterparty shares or own shares.
- Six directors elected by written consent: L. Kevin Kelly, Emmit McHenry, Peter Ginsberg, Reginald S. Bailey, Sr., Kevin E. O'Brien, Irving Minnaker.
item 5.03item 5.07item 9.01