secwatch.observer — SEC 8-K summary
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Issuer:     Cycurion, Inc. (CYCU)
CIK:        0001868419
Form:       8-K
Filed at:   2025-08-25T23:59:59+00:00
Accession:  0001641172-25-025351
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868419/000164117225025351/0001641172-25-025351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868419/000164117225025351/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-025351

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