8-K
filed June 4, 2026, 5:26 PM ET
ticker CYCU
CIK 0001868419
debt
confidence high
sentiment neutral
materiality 0.75
Cycurion restructures ~$4.8M in debt, issues convertible notes and Series H preferred
Cycurion, Inc.
- Restructured ~$2.9M in principal/interest with new convertible notes due March 2027, conversion price $1.05 per share.
- Issued 1,899.95 shares of Series H Convertible Preferred (stated value $1,000 each) to settle ~$1.9M in default interest/penalties.
- Series H Preferred carries 12% annual dividend payable quarterly in common stock, liquidation preference, and voting on as-converted basis.
- New notes and preferred stock are senior secured; leak-out restricts resale to 5% of average daily trading volume.
- Securities issued in unregistered transactions exempt under Section 4(a)(2), Regulation D, and Section 3(a)(9) for exchanges.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Cycurion, Inc. issued convertible note to IQ Financial, Inc. for $517,604.40 of outstanding obligations.
- Security
- convertible note
- Purchaser
- IQ Financial, Inc.
- Consideration
- $517,604.40 of outstanding obligations
Exact text from the filing
approximately $517,604.40 of outstanding obligations, consisting of principal and accrued interest, was exchanged for a new convertible promissory note
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Cycurion, Inc. issued 952.7 shares of preferred stock to M2B Funding Corp. for stated value of approximately $952,695.73.
- Security
- preferred stock
- Shares
- 952.7 shares
- Purchaser
- M2B Funding Corp.
- Consideration
- stated value of approximately $952,695.73
Exact text from the filing
issued 952.7 shares of Series H Convertible Preferred Stock with an aggregate stated value of approximately $952,695.73
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Cycurion, Inc. issued 947.25 shares of preferred stock to Obsidian Associates, LLC for stated value of $1,000 per share.
- Security
- preferred stock
- Shares
- 947.25 shares
- Purchaser
- Obsidian Associates, LLC
- Consideration
- stated value of $1,000 per share
Exact text from the filing
947.25 shares of the Company’s Series H Convertible Preferred Stock, with each share having a stated value of $1,000
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Cycurion, Inc. issued convertible note to M2B Funding Corp. for principal amount of $1,326,748.31.
- Security
- convertible note
- Purchaser
- M2B Funding Corp.
- Consideration
- principal amount of $1,326,748.31
Exact text from the filing
exchanged outstanding promissory notes for a new convertible promissory note, attached as Exhibit 10.4, in the principal amount of $1,326,748.31
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Cycurion, Inc. issued convertible note to Obsidian Associates, LLC for $1,083,003.41 of principal and accrued non-default interest.
- Security
- convertible note
- Purchaser
- Obsidian Associates, LLC
- Consideration
- $1,083,003.41 of principal and accrued non-default interest
Exact text from the filing
approximately $1,083,003.41 of principal and accrued non-default interest owed under certain existing notes was exchanged for a new convertible promissory note
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Cycurion, Inc.: Authorized Series H Convertible Preferred Stock and filed Certificate of Designation with the State of Delaware on May 29, 2026 (effective 2026-05-29).
- Change
- charter amendment
- Effective
- 2026-05-29
Exact text from the filing
The foregoing summary of the terms, rights and preferences of the Series I Convertible Preferred Stock, filed with the State of Delaware on May 29, 2026, is qualified in its entirety by reference to the text of the Series H Convertible Preferred Stock Certificate of Designation, which is filed hereto as Exhibit 3.1 and is incorporated herein by reference.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Cycurion, Inc. entered into Exchange Agreement with M2B Funding Corp. valued at $1,326,748.31 principal note plus 952.7 shares Series H Preferred Stock ($952,695.73) (effective 2026-06-01).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- M2B Funding Corp.
- Value
- $1,326,748.31 principal note plus 952.7 shares Series H Preferred Stock ($952,695.73)
- Effective
- 2026-06-01
Exact text from the filing
On June 1, 2026, the Company entered into an Exchange Agreement with M2B, attached as Exhibit 10.3. Pursuant to this agreement, the Company exchanged outstanding promissory notes for a new convertible promissory note, attached as Exhibit 10.4, in the principal amount of $1,326,748.31 and issued 952.7 shares of Series H Convertible Preferred Stock with an aggregate stated value of approximately $952,695.73 in satisfaction of default-related amounts.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Cycurion, Inc. entered into Exchange and Restructuring Agreement with IQ Financial, Inc. valued at $517,604.40 exchanged for new convertible promissory note (effective 2026-06-01).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- IQ Financial, Inc.
- Value
- $517,604.40 exchanged for new convertible promissory note
- Effective
- 2026-06-01
Exact text from the filing
On June 1, 2026, the Company entered into an Exchange and Restructuring Agreement with IQ Financial, attached as Exhibit 10.1. Under this agreement, approximately $517,604.40 of outstanding obligations, consisting of principal and accrued interest, was exchanged for a new convertible promissory note, attached as Exhibit 10.2.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Cycurion, Inc. entered into Exchange and Restructuring Agreement with Obsidian Associates, LLC valued at $1,083,003.41 principal exchanged for new note plus 947.25 shares Series H Preferred Stock ($947,250 (effective 2026-06-01).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Obsidian Associates, LLC
- Value
- $1,083,003.41 principal exchanged for new note plus 947.25 shares Series H Preferred Stock ($947,250
- Effective
- 2026-06-01
Exact text from the filing
On June 1, 2026, the Company entered into an Exchange and Restructuring Agreement with Obsidian, attached as Exhibit 10.5. Pursuant to that agreement, approximately $1,083,003.41 of principal and accrued non-default interest owed under certain existing notes was exchanged for a new convertible promissory note issued by the Company, attached as Exhibit 10.6.
View on SEC.gov
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