other_material
confidence high
sentiment neutral
materiality 0.65
Cycurion authorizes Series G Convertible Preferred Stock with 12% dividend and conversion rights
Cycurion, Inc.
- Authorized 10,000 shares of Series G Convertible Preferred Stock, par value $0.0001 per share.
- Holders receive 12% annual dividends payable quarterly in common stock on an as-converted basis.
- Each Series G share converts into 1,000 shares of common stock, subject to 4.99% or 9.99% blockers.
- Liquidation preference equal to stated value plus accrued dividends before common shareholders.
- Company commits to cease dilutive financing and pursue non-dilutive funding strategies moving forward.
item 5.03item 9.01