M&A
confidence high
sentiment neutral
materiality 0.60
Cycurion extends Kustom Entertainment asset purchase closing to Sept 15, pays $250K, issues Series H preferred
Cycurion, Inc.
- Closing date extended to September 15, 2026; all conditions precedent satisfied or waived.
- Cycurion pays $250,000 non-refundable cash to Kustom; amount credited to purchase price if deal closes.
- 2,000,000 warrants replaced with Series H Preferred Stock, aggregate stated value $600,000, 12% dividend, convertible at $1.45/share.
- Series H preferred has 9.99% beneficial ownership limitation, liquidation preference, anti-dilution, and registration rights.
- Registration rights amended to cover conversion shares; leak-out restrictions apply.