other material
confidence high
sentiment positive
materiality 0.70
Cycurion raises $6M in private placement with single institutional investor
Cycurion, Inc.
- Gross proceeds of $6M from sale of 1,657,460 shares (or pre-funded warrants) and 3,314,920 warrants at $3.62/unit.
- Warrants exercisable at $3.62 per share after stockholder approval; expire 5 years from initial exercise date.
- Net proceeds allocated to working capital and general corporate purposes.
- Placement agent A.G.P./Alliance Global Partners received 10% cash fee plus $500k fixed fee.
- Insiders subject to 90-day lock-up after registration statement declared effective.