other_material
confidence high
sentiment positive
materiality 0.65
Cycurion authorizes Series E and F convertible preferred stock; commits to ceasing dilutive financing
Cycurion, Inc.
- Authorized 100 shares of Series E Convertible Preferred Stock (par $0.0001, convertible 1:10,000 common) and 10,000 shares of Series F (par $0.0001, convertible 1:1,000, 12% annual dividend).
- Series F carries a 12% annual dividend payable quarterly in common shares; both series have liquidation preference over common.
- Company affirms commitment to Nasdaq compliance and states it has ceased all dilutive financing, will pursue non-dilutive strategies.
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