Recent Updates — CYCU
Cycurion, Inc. entered into conversion inducement and exchange agreements with Obsidian Associates, LLC and M2B Funding Corp., allowing them to exchange their combined 1,571.45 shares of Series H Convertible Preferred Stock for common stock at $2.70 per share. The transaction is subject to Nasdaq listing requirements and includes a 4.99% beneficial ownership limitation. Cycurion operates in the cybersecurity industry.
Cycurion completed its acquisition of substantially all assets and specified liabilities of Kustom Entertainment’s Video Solutions Business on August 3, 2026. Total consideration includes $1.25 million in cash, a secured promissory note with a principal amount of $4.25 million bearing interest at 7% per annum over three years, Series H Preferred Stock valued at approximately $514,924, and a revenue-based earn-out arrangement capped at $1 million. The transaction adds the Digital Ally brand’s in-car video systems, body-worn cameras, and cloud evidence management solutions to Cycurion's portfolio. Cycurion operates in the cybersecurity and digital evidence management industry.
Cycurion, Inc. completed the acquisition of 100% of Secuvant, LLC on June 3, 2026, pursuant to a merger agreement dated May 21, 2026. The total consideration was $2.875 million, consisting of $875,000 in cash and 888,888 shares of Cycurion Series I Convertible Preferred Stock. Secuvant survives as a wholly owned subsidiary, with its managed cybersecurity services being integrated into Cycurion's offerings. This filing provides the audited historical financial statements for Secuvant for years ended December 31, 2025 and 2024, unaudited condensed interim financials for the six months ended June 30, 2026, pro forma combined financial information, and management's discussion and analysis. Cycurion operates in the cybersecurity industry.
On October 20, 2026, Cycurion appointed J. Derek Penn as an independent director to fill a vacancy, assigning him to the Audit, Compensation, and Nominating committees. Concurrently, board member Peter R. Ginsberg stepped down from these three committees because his role as outside counsel for the company rendered him ineligible under independence rules. The filing attributes this change to an administrative oversight regarding related-party transaction monitoring. Penn brings extensive financial services experience from roles at BNY Mellon, Fidelity, and Lehman Brothers. Cycurion operates in the cybersecurity industry.
Cycurion's CEO highlighted a historic $54.6 million, 10-year contract to modernize a state Health and Human Services system, with revenue starting in Q4 2026. The company also detailed the completed acquisition of Digital Ally's Video Solutions business, adding approximately $5.5 million in annual revenue and over $1.2 million in EBITDA. Additionally, Cycurion confirmed it regained compliance with Nasdaq's $1.00 minimum bid price requirement on October 1, 2026. The firm is relaunching as a predictive cybersecurity company powered by AI, with new capabilities expected in the coming weeks and early 2027. Cycurion operates in the IT cybersecurity and public safety technology sector.
Cycurion, Inc. reported that Mr. Emmit McHenry resigned from its Board of Directors effective September 24, 2026. The company also announced the resolution of a defamation action against an anonymous defendant who published false accusations of fraud and securities violations. Under the settlement terms, the defendant signed a retraction and apology, agreed to a permanent ban on trading Cycurion securities and making disparaging statements, and committed to cooperating regarding short selling activities. Confidential payment terms were not disclosed. Cycurion operates in the IT cybersecurity solutions industry, providing AI-enhanced security services to government, healthcare, and corporate clients.