Financing ·
Cycurion, Inc. entered into a warrant inducement agreement on July 30, 2026, with an institutional investor to…
CYCUCycurion, Inc.
Cycurion, Inc. entered into a warrant inducement agreement on July 30, 2026, with an institutional investor to exercise existing warrants for 3,341,439 shares of common stock at a reduced price of $1.35 per share. The transaction closed on August 3, 2026, generating approximately $4.5 million in gross proceeds before fees and expenses. In consideration for the immediate exercise, Cycurion issued new unregistered warrants to purchase up to 5,012,159 shares (representing 150% of the exercised amount) at an exercise price of $1.65 per share. These new warrants become exercisable upon obtaining stockholder approval as required by Nasdaq rules and expire five years after such approval. The company intends to use the net proceeds for working capital and general corporate purposes, paying A.G.P./Alliance Global Partners a 6.0% advisory fee plus $200,000 for prior services. Cycurion operates in the IT cybersecurity and AI-driven solutions industry.