Cycurion, Inc. - 8-K Filing
Cycurion, Inc. restructured $2.9 million in debt with three noteholders through convertible promissory notes and issued approximately 1,899 shares of Series H Convertible Preferred Stock valued at $1.95 million to settle default-related obligations as of June 1, 2026. The company authorized up to 3,000 shares of the new preferred stock with a fixed conversion price of $1.45 per share and 12% annual dividends paid in common stock. (Items: 1.01 Entry into a Material Definitive AgreementOn June 1, 2026, Cycurion, Inc, 3.02 Unregistered Sales of Equity SecuritiesThe issuance of the convertible promissory notes, the Series H Convertible Preferred Stock issued to M, 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, 9.01 Financial Statements and Exhibits(d)Exhibits:Exhibit No)
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