Cycurion lands $54.6M 10-year contract; raises $4.5M via warrant inducement

Cycurion, Inc.

$54.6M 10-year contract with top-5 global consulting firm for state HHS system modernization; work starts Nov 2026.
Warrant inducement: existing investor exercises 3.34M warrants at $1.35/share for $4.5M gross proceeds; gets new warrants at $1.65.
Q1 2026 gross margin expanded to 21.1% from 17.5% YoY; net loss narrowed to $2.1M from $5.1M prior quarter.
Secuvant acquisition completed June 2, 2026, adding Panoptic platform and Cyber7 framework to technology stack.
Company continues investigation into potential market manipulation of its stock.

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