Cycurion, Inc. (CYCU): Entry into a Material Definitive Agreement
Cycurion, Inc. (CYCU) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.1 2 ex10-1.htm EX-10.1 Exhibit 10.1 AMENDMENT NO. 1 AND FORBEARANCE / EXTENSION AGREEMENT TO ASSET PURCHASE AGREEMENT This Amendment No. 1 and Forbearance / Extension Agreement to Asset Purchase Agreement (this “ Amendment ”) is entered into and effective as of July 23, 202
How this was made
The 30-second read
Why it matters
The amendment extends the closing deadline to Sept 15, 2026 and modifies consideration by canceling warrants and issuing Series H preferred stock with cumulative 12% dividends, conversion at $1.45, and a 9.99% beneficial ownership cap.
Market read
Traders may reprice CYCU based on updated deal timing and dilution/financing implications from the Series H preferred terms and non-refundable extension payment.
What to watch
Series H dividends are paid in shares on an as-converted basis, and failure-to-deliver penalties plus buy-in rights can create additional cash or share pressure if conversion mechanics are stressed.
Background
Cycurion and Kustom entered an asset purchase agreement on June 23, 2026, originally targeting a July 15, 2026 closing date.
Ticker impact
Cycurion amended its asset purchase agreement, extending the closing to Sept 15, 2026 and replacing 2,000,000 warrants with Series H preferred stock.
Near-term volatility risk is elevated around deal-close timing and dilution math, but direction depends on how the market values the Series H terms versus the original warrants.
The filing discloses new consideration (a $250k non-refundable extension payment) and a new security (Series H preferred with 12% cumulative dividends paid in common, plus conversion at $1.45 and anti-dilution). These are concrete capital-structure changes, but the article does not provide deal valuation, probability of closing, or market reaction.
Market effects
Limited direct sector read-through; this is company-specific deal and capital-structure mechanics.
None indicated.
None indicated.
Counterpoint
The extension payment is small ($250k) relative to typical microcap deal sizes, so the market may treat this as administrative and focus on whether the transaction actually closes.
Key entities
- issuerCycurion, Inc.
The company filing the 8-K and issuing Series H preferred stock to replace warrants.
- counterpartyKustom Entertainment, Inc.
The seller in the asset purchase agreement receiving the extension payment and preferred-stock consideration.
- securitySeries H Preferred Stock
New preferred security with cumulative dividends payable in common stock and conversion mechanics tied to a $1.45 conversion price.
