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Cycurion Enters Into $6M Securities Purchase Agreement For 1.66M Shares And 3.31M Warrants At $3.62, Exercisable Post-Approval For Five Years

Benzinga·12/04/2025 12:49:08
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Cycurion, Inc. ("Cycurion" or the "Company") (NASDAQ:CYCU), a publicly traded leader in technology and staffing solutions for the public sector, today announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 1,657,460 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 3,314,920 shares of common stock at an effective combined price of $3.62 per share and common warrant for aggregate gross proceeds of approximately $6 million, before deducting placement agent fees and other offering expenses. The warrants will have an exercise price of $3.62 per share, will be exercisable immediately following receipt of shareholder approval and will expire five years from the initial exercise date.

The closing of the offering is expected to occur on or about December 5, 2025, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the offering for working capital and general corporate purposes.