This is a routine administrative amendment with no financial restatement. The CFO transition and recent debt restructuring/equity raises signal ongoing balance-sheet management. Monitor the Halo Privacy and Secuvant acquisitions for closing and integration updates. The Series A preferred lock-up waiver and multiple convertible preferred issuances create potential future dilution overhang.
Price Chart
Executive Summary
Cycurion filed Amendment No. 1 to its 2025 Form 10-K solely to add Part III information (directors, executive compensation, security ownership, related-party transactions, and auditor fees) that was omitted from the original filing because the definitive proxy statement was not filed within 120 days of fiscal year-end. The amendment does not restate financials, change the auditor, or update any financial disclosures. It also discloses a CFO transition (Alvin McCoy III resigned May 31, 2026; Ana L. Garcia appointed June 1, 2026), recent debt restructuring agreements with noteholders, and ongoing M&A activity (Halo Privacy, Secuvant).
Key Facts
- Amendment adds Part III (Items 10-14) to the 2025 10-K; no financial restatement or change to previously filed financials.
- CFO Alvin McCoy III resigned effective May 31, 2026; Ana L. Garcia appointed CFO effective June 1, 2026, with $300,000 base salary and $300,000 RSU grant.
- All directors and officers were delinquent in initial Section 16 filings but have since made required filings.
- Company restructured ~$2.9M in debt with IQ Financial, M2B Funding, and Obsidian Associates on June 1, 2026 via new convertible notes and Series H Preferred Stock.
- Raised ~$3.0M from April 1 to June 8, 2026 via equity line with Yield Point NY LLC, issuing 4,080,000 shares.
- Executed binding agreement to acquire Halo Privacy (May 7, 2026) and merger agreement to acquire Secuvant, LLC (May 21, 2026) for ~$2.875M aggregate consideration.
- Auditor is WWC, P.C.; audit fees were $250,000 for FY2025.
- Shares outstanding as of June 5, 2026: 10,709,032.
Financial Impact
No financial restatement; debt restructuring of ~$2.9M and equity raise of ~$3.0M disclosed; $15.1M revenue cited for 2025 in compensation discussion.
Risk Factors
- Potential dilution from convertible preferred stock and warrants; Series A lock-up waived, Series F/G/H have no lock-up.
- Debt restructuring with noteholders at conversion prices of $1.05-$1.45 per share may pressure common stock.
- Acquisition integration risk for Halo Privacy and Secuvant; both are pending close.
- Former CFO Alvin McCoy III beneficially owns 5.0% of common stock; insider selling risk post-resignation.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001493152-26-027756 |
| Exhibit: ex31-2.htm | 0001493152-26-027756 |
| Exhibit: ex31-1.htm | 0001493152-26-027756 |
| Exhibit: ex32-2.htm | 0001493152-26-027756 |
| Exhibit: ex32-1.htm | 0001493152-26-027756 |
| Document: 0001493152-26-027756-index-headers.html | 0001493152-26-027756 |
| Document: 0001493152-26-027756-index.html | 0001493152-26-027756 |
| Document: 0001493152-26-027756.txt | 0001493152-26-027756 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 9, 2026 16w ago | 8-K | $0.0212 $0.0220 | ▲ +3.77% | ▲ +0.15% | — |
Jun 8, 2026 16w ago | 10-K/A | $0.0239 $0.0220 | ▼ −7.95% | ▼ −9.40% | — |
Jun 4, 2026 17w ago | 8-K | $0.0212 $0.0221 | ▼ −4.25% | ▼ −2.38% | — |
Jun 2, 2026 17w ago | 8-K | $0.0212 $0.0208 | ▼ −1.89% | ▼ −0.89% | — |
May 29, 2026 18w ago | 8-K | $0.0212 $0.0190 | ▼ −10.38% | ▼ −8.58% | — |
May 26, 2026 18w ago | 8-K | $0.0212 $0.0209 | ▼ −1.42% | ▲ +0.49% | — |
May 14, 2026 20w ago | 8-K | $0.0212 $0.0212 | · 0.00% | ▲ +0.86% | — |
May 8, 2026 21w ago | 8-K | $0.0212 $0.0212 | · 0.00% | ▼ −0.02% | — |
Apr 14, 2026 24w ago | 8-K | $0.0212 $0.0212 | · 0.00% | ▲ +6.30% | — |
Apr 8, 2026 25w ago | 8-K | $0.0212 $0.0212 | · 0.00% | ▼ −8.54% | — |
US Market Status
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