Mergers & Acquisitions ·
Cycurion, Inc. entered into Amendment No. 1 to its Asset Purchase Agreement with Kustom Entertainment, Inc., extending…
CYCUCycurion, Inc.
Cycurion, Inc. entered into Amendment No. 1 to its Asset Purchase Agreement with Kustom Entertainment, Inc., extending the closing date for the acquisition of Seller’s video-solutions division to on or about September 15, 2026. To secure this extension, Cycurion paid $250,000 in non-refundable cash and replaced 2,000,000 warrants with Series H Preferred Stock having an aggregate stated value of $600,000. The preferred stock accrues dividends at 12.0% per annum, payable quarterly, and converts into common stock at a rate based on the stated value plus accrued dividends divided by $1.45 per share. Registration rights were amended to cover shares issuable upon conversion or dividend payment of the Series H Preferred Stock. Cycurion operates in the cybersecurity industry.