Every 8-K that Cycurion, Inc. (CYCU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CYCU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CYCU filings page.
Cycurion, Inc. reported that its board of directors has waived the lock-up restrictions on its Series A Convertible Preferred Stock. These preferred shares, and the securities issuable upon conversion, had been subject to a one-year lock-up starting from the February 14, 2025 closing of the business combination with Western Acquisition Ventures Corp.
The original terms allowed an early release after six months only if the daily trading value of Cycurion common stock exceeded $150,000 for 30 consecutive trading days and the 30-day volume-weighted average price was above $5.00. Because these trading conditions have not been met, the lock-up would have otherwise remained in place.
The board determined it was in the company’s best interests to waive the restrictions because the Series A Convertible Preferred Stock accrues approximately $120,000 per year in stock or cash payments. If holders convert their preferred shares into common stock, Cycurion could avoid about $120,000 in annual costs, which the company describes as part of a strategic recapitalization to strengthen its balance sheet and support growth initiatives.