Cycurion accelerates MOU closing for Kustom video solutions; reports $2.2M cost cuts

Cycurion, Inc.

Both parties target closing by early June 2026, accelerating from prior timeline.
Purchase price of $5.5M: $1.25M cash at closing plus $4.25M secured promissory note, warrants, and earn-out.
Acquired segment expected to contribute ~$5.1M annual revenue and $8M backlog of contracts and recurring subs.
CEO cites $2.2M in annual cost savings from restructuring; new Fortune 500 multi-year contract valued at ~$1M in Y1.
Management targets profitable growth to reach $40M+ revenue by year-end.

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