Cycurion exchanges $3.2M debt for Series G Preferred shares; plans reverse split and ELOC draw

Cycurion, Inc.

• Exchanged $3,132,657 total debt from seven investors for 3,133 shares of Series G Convertible Preferred Stock.
• Series G Preferred carries 12% annual dividend (paid in common shares), convertible at 1:1,000, and has liquidation preference.
• Plans to use remaining $55 million ELOC for growth; must file new registration statement for additional draws.
• Intends to effect a reverse stock split to maintain Nasdaq listing compliance, subject to shareholder approval.
• Recapitalization strengthens balance sheet by converting convertible debt into preferred equity.