secwatch.observer — SEC 8-K summary
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Issuer:     Cycurion, Inc. (CYCU)
CIK:        0001868419
Form:       8-K
Filed at:   2026-06-04T21:26:58+00:00
Accession:  0001868419-26-000041
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cycurion restructures ~$4.8M in debt, issues convertible notes and Series H preferred
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/0001868419-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868419/000186841926000041/cycu-20260529.htm
  HTML page:      https://secwatch.observer/filing/0001868419-26-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer