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Cycurion, Inc. (NASDAQ:CYCU) announced Thursday that its Board of Directors has amended and restated the company’s bylaws, effective immediately. The updated bylaws, referred to as the Second Amended and Restated Bylaws, were revised to conform with the company’s Second Amended and Restated Certificate of Incorporation and certain provisions of the Delaware General Corporation Law regarding the election of directors.
The company stated that these changes were approved by the Board on Thursday and are now in effect. The full text of the amended bylaws was filed as Exhibit 3.1 to the company’s Form 8-K.
Cycurion’s common stock and redeemable warrants continue to trade on the NASDAQ Stock Market under the symbols CYCU and CYCUW, respectively.
This information is based on a press release statement contained in a filing with the Securities and Exchange Commission.
In other recent news, Cycurion, Inc. has announced a $3.2 million debt-for-equity exchange with several investors, converting the debt into 3,133 shares of Series G Convertible Preferred Stock. The company has also authorized 10,000 shares of this preferred stock, granting holders voting rights and other legal entitlements. Cycurion has regained compliance with Nasdaq listing requirements, reporting stockholders’ equity of over $10 million in its latest quarterly filing. Additionally, the company has secured $69 million in new multi-year contracts, although revenue realization has been delayed due to project start deferrals. Meanwhile, IQSTEL Inc. reported a preliminary July revenue of $35 million, exceeding its annualized revenue target ahead of schedule. The company aims to maintain this revenue level to achieve its $340 million full-year goal. IQSTEL’s revenue mix remains predominantly telecom, with fintech contributing a smaller portion. These developments provide key insights into the recent activities of both Cycurion and IQSTEL.
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