other material
confidence high
sentiment neutral
materiality 0.50
Cycurion raises $4.5M via warrant inducement; issues new warrants for 5M shares at $1.65
Cycurion, Inc.
- Gross proceeds of ~$4.5M from immediate cash exercise of 3,341,439 existing warrants at reduced price of $1.35/share (from $3.62).
- Issued new unregistered warrants to purchase up to 5,012,159 shares at $1.65, exercisable upon shareholder approval, expiring 5 years later.
- Net proceeds to be used for working capital and general corporate purposes; A.G.P. acted as exclusive financial advisor with 6% cash fee.
- Existing warrant shares are Rule 144 eligible; new warrants and underlying shares issued in private placement under Section 4(a)(2).
- Company to file resale registration statement for new warrant shares within 90 days; closing occurred August 3, 2026.