secwatch.observer — SEC 8-K summary
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Issuer:     Cycurion, Inc. (CYCU)
CIK:        0001868419
Form:       8-K
Filed at:   2026-06-30T21:24:17+00:00
Accession:  0001493152-26-031333
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cycurion acquires Kustom's video-solutions business; $1.25M cash, $4.25M note, $1M earnout, 2M warrants
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- Total consideration: $1.25M cash, $4.25M secured note at 7%, up to $1M earnout, and warrants for 2M shares at $2.80.
- Acquired business generated ~$5.1M annual revenue with ~$8.0M contracted backlog; adds ~1,000 new clients.
- Portfolio includes ~58 patents covering video surveillance, evidence management, and integration technologies.
- Closing expected early July 2026, subject to due diligence, board approvals, and other conditions precedent.
- Transaction structured to minimize immediate equity dilution; cash/debt-focused with performance-based earnout.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868419/000149315226031333/0001493152-26-031333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868419/000149315226031333/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-031333

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