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Cycurion, Inc. (NASDAQ:CYCU), a company currently valued at approximately $9 million, has authorized 10,000 shares of Series G Convertible Preferred Stock, according to a statement filed with the Securities and Exchange Commission. The authorization and related terms were filed with the State of Delaware on August 11, 2025. According to InvestingPro analysis, the company currently trades below its Fair Value, though it faces significant financial challenges with a weak overall financial health score of 1.42 out of 5.
The Series G Convertible Preferred Stock carries a par value of $0.0001 per share. Holders of the new preferred stock will have voting rights on an as-if-converted-to-common-stock basis, as well as any rights required by law and as outlined in the Certificate of Designation.
Dividend rights for the Series G shares are set at 12% per annum of the stated value, with dividends paid quarterly in arrears in shares of common stock. The conversion rights allow holders to convert each preferred share into 1,000 shares of common stock, subject to certain ownership limitations of 4.99% or 9.99%, and subject to adjustment.
In the event of liquidation, dissolution, or winding-up, holders of the Series G Convertible Preferred Stock are entitled to receive an amount equal to the stated value plus any accrued and unpaid dividends before any distribution is made to common stockholders. If the available assets are insufficient to pay these amounts in full, the assets will be distributed among Series G holders on a pro-rata basis.
Protective provisions require the affirmative vote of a majority of Series G holders for any changes that could adversely affect their rights, including amendments to the Certificate of Designation, increases in authorized Series G shares, or certain changes to the company’s charter documents.
The company stated in the filing that it has ceased all forms of dilutive financing and does not intend to engage in such transactions in the future, affirming a commitment to shareholder value and compliance with Nasdaq listing standards. This commitment comes amid challenging market conditions, with InvestingPro data showing the stock has declined by over 97% in the past six months. InvestingPro subscribers have access to 14 additional key insights about Cycurion’s financial health and market performance, along with comprehensive financial metrics and analysis tools.
This information is based on a press release statement included in Cycurion’s recent SEC filing.
In other recent news, IQSTEL Inc. reported a preliminary revenue of approximately $35 million for July 2025, surpassing its annualized revenue run rate target of $400 million ahead of schedule. The company aims to maintain this revenue level in the second half of 2025, potentially achieving $210 million in revenue during this period, which aligns with its $340 million full-year revenue goal. Meanwhile, Cycurion Inc. finalized its acquisition of a 51% stake in SLG Innovation Inc., involving a $2 million prepaid deposit and the issuance of common and preferred stock. Cycurion has also secured over $8 million in new cybersecurity contracts, including a significant $6 million deal with a municipal transportation agency. Additionally, IQSTEL and Cycurion are advancing their partnership to develop cybersecurity solutions for the telecommunications sector, including a white-label platform called "Cyber Shield." Cycurion has further expanded its reach by partnering with the Independent Colleges and Universities of Florida to provide cybersecurity services to 30 member institutions. These developments highlight the ongoing strategic moves by both companies in their respective fields.
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