--- schema_version: "secwatch.filing_event.v1" accession: "0001868419-26-000041" form_type: "8-K" ticker: "CYCU" cik: "0001868419" company_name: "Cycurion, Inc." filed_at: "2026-06-04T21:26:58+00:00" generated_at: "2026-06-04T21:28:35.521173+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Cycurion restructures ~$4.8M in debt, issues convertible notes and Series H preferred ## Summary - 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. ## SEC filing metadata - accession: 0001868419-26-000041 - form_type: 8-K - ticker: CYCU - cik: 0001868419 - company_name: Cycurion, Inc. - filed_at: 2026-06-04T21:26:58+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 3.02, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/0001868419-26-000041-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/cycu-20260529.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001868419-26-000041 - JSON: https://secwatch.observer/filing/0001868419-26-000041.json - Plain text: https://secwatch.observer/filing/0001868419-26-000041.txt ## Key facts - Equity Issuances 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 source text: approximately $517,604.40 of outstanding obligations, consisting of principal and accrued interest, was exchanged for a new convertible promissory note evidence_url: https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/0001868419-26-000041-index.htm - Equity Issuances 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 source text: issued 952.7 shares of Series H Convertible Preferred Stock with an aggregate stated value of approximately $952,695.73 evidence_url: https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/0001868419-26-000041-index.htm - Equity Issuances 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 source text: 947.25 shares of the Company’s Series H Convertible Preferred Stock, with each share having a stated value of $1,000 evidence_url: https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/0001868419-26-000041-index.htm - Equity Issuances 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 source text: exchanged outstanding promissory notes for a new convertible promissory note, attached as Exhibit 10.4, in the principal amount of $1,326,748.31 evidence_url: https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/0001868419-26-000041-index.htm - Equity Issuances 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/0001868419-26-000041-index.htm - Governance Changes 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/0001868419-26-000041-index.htm - Material Agreements 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/0001868419-26-000041-index.htm - Material Agreements 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/0001868419-26-000041-index.htm - Material Agreements 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/0001868419-26-000041-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.