secwatch.observer — SEC 8-K summary
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Issuer:     Cycurion, Inc. (CYCU)
CIK:        0001868419
Form:       8-K
Filed at:   2026-06-09T21:28:06+00:00
Accession:  0001493152-26-027982
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cycurion completes acquisition of Secuvant for $2.875M; adds Panoptic platform
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- Total consideration $2.875M: $875K cash + 888,888 preferred shares valued at ~$2.0M.
- Earn-out: guaranteed $100K/year for 3 years plus performance-based tied to gross profit; paid 50% cash/50% stock.
- Created 888,888 shares Series I Convertible Preferred Stock, stated value $2.25, convertible at $2.25/share.
- Appointed Danny White as Chief Product Officer with $185K salary, $30K sign-on bonus, $250K RSU grant.
- Entered 6-month lock-up and 5-quarter leak-out agreements with Secuvant equityholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868419/000149315226027982/0001493152-26-027982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868419/000149315226027982/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-027982

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer