Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities · Other Events
Item 1.01 Entry into a Material Definitive Agreement. On July 30, 2026, Cycurion, Inc. (the “Company”) entered into a warrant inducement agreement (the “Inducement Agreement”) with a holder (the “Holder”), pursuant to which the Holder agreed to exercise for cash certain existing warrants issued on December 5, 2025 (the “Existing Warrants”) to purchase an aggregate of 3,341,439 shares of the Company’s common stock.…
Filed Aug 3, 2026Accepted Aug 3, 2026, 5:14 PM EDTCIK 1868419Accession 0001493152-26-035854
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Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement.
On
July 30, 2026, Cycurion, Inc. (the “Company”) entered into a warrant inducement agreement (the “Inducement Agreement”)
with a holder (the “Holder”), pursuant to which the Holder agreed to exercise for cash certain existing warrants issued
on December 5, 2025 (the “Existing Warrants”) to purchase an aggregate of 3,341,439 shares of the Company’s common
stock.
Pursuant
to the Inducement Agreement, the Company agreed to reduce the exercise price of the Existing Warrants from $3.62 per share to $1.35 per
share solely with respect to the exercise contemplated by the Inducement Agreement. Upon exercise of the Existing Warrants, the Company
expects to receive aggregate gross proceeds of approximately $4.5 million before payment of financial advisory fees and other offering
expenses.
As
consideration for the immediate exercise of the Existing Warrants, the Company agreed to issue to the Holder in a private placement new
unregistered warrants (the “New Warrants”) to purchase up to 5,012,159 shares of the Company’s common stock, representing
150% of the number of shares underlying the exercised Existing Warrants.
The
New Warrants will have an exercise price of $1.65 per share, will become exercisable upon receipt of stockholder approval as may be required
under applicable Nasdaq rules, and will expire on the fifth anniversary of the date such stockholder approval is obtained. The New Warrants
contain customary anti-dilution adjustments, cashless exercise provisions and beneficial ownership limitations of 4.99% (subject to increase
to 9.99% upon notice by the holder).
The
Company agreed to file a registration statement covering the resale of the shares issuable upon exercise of the New Warrants within 90
calendar days following July 30, 2026, and to use commercially reasonable efforts to cause such registration statement to become
effective within specified periods set forth in the Inducement Agreement. The shares of common stock issued upon exercise of the Existing
Warrants are eligible for resale by the Holder pursuant to Rule 144 under the Securities Act of 1933, as amended (the “Securities
Act”).
The
closing of the transaction took place on August 3, 2026.
The
foregoing description of the Inducement Agreement and the New Warrants does not purport to be complete and is qualified in its entirety
by reference to the full text of the Inducement Agreement and New Warrant, copies of which are filed as Exhibits 10.1 and 4.1,
respectively, to this Current Report on Form 8-K and are incorporated herein by reference.
In
connection with the transaction, the Company entered into a Financial Advisory Agreement with A.G.P./Alliance Global Partners (“A.G.P.”),
pursuant to which A.G.P. acted as exclusive financial advisor. Under the Financial Advisory Agreement, the Company agreed to pay A.G.P.
a cash fee equal to 6.0% of the aggregate gross proceeds raised in the transaction and an additional fee of $200,000 relating to prior
financial advisory services, together with reimbursement of certain legal expenses up to $45,000.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item
3.02 Unregistered Sales of Equity Securities.
The
information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
The
New Warrants and the shares of common stock issuable upon exercise thereof have not been registered under the Securities Act, and are
being offered and sold in reliance upon the exemption from registration afforded by Section 4(a)(2) of the Securities Act and Regulation
D promulgated thereunder. The Holder represented that it is an accredited investor and acquired the New Warrants for investment purposes
and not with a view toward distribution.
Item 8.01Item 8.01 - Other Events
Item
8.01 Other Events.
On
July 31, 2026, the Company issued a press release announcing the warrant inducement transaction described in Item 1.01 of this Current
Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.1 hereto.
This
Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there
be any sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Filed exhibits (2)
EX-4.1 (by filename) ex4-1.htm
EX-4.1
2
ex4-1.htm
EX-4.1
Exhibit
4.1
NEITHER
THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE
OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL
INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(A) UNDER THE SECURITIES ACT OR OTHER LOAN SECURED BY
SUCH SECURITIES.
COMMON
STOCK PURCHASE WARRANT
CYCURION,
INC.
Warrant Issue
Shares: 5,012,159 Date: August 3, 2026
THIS
COMMON STOCK PURCHASE WARRANT (the “ Warrant ”) certifies that, for value…
EX-99.1
4
ex99-1.htm
EX-99.1
Exhibit
99.1
Cycurion
Announces a Warrant Inducement Transaction for $4.5 Million in Gross Proceeds Priced At-the-Market Under Nasdaq Rules
MCLEAN,
Va., July 31, 2026 (GLOBE NEWSWIRE) - - - - Cycurion, Inc. (Nasdaq: CYCU) (“Cycurion” or the “Company”),
a trusted leader in IT cybersecurity and AI-driven solutions, today announced its entry into a warrant inducement agreement with an existing
institutional investor of the Company for the immediate exercise of warrants to purchase up to 3,341,439 of the Company’s common
stock (the “Existing Warrants”) at an exercise price of $1.35 per share for gross cash proceeds of approximately $4.5 million,
before deducting fees and other transaction expenses. The Company intends to use the net proceeds from the warrant inducement transaction
for working capital and other general corporate purposes.
A.G.P./Alliance
Global Partners is acting as the exclusive financial advisor in this warrant inducement transaction.
In
consideration for the immediate exercise in full of the Existing Warrants, the investor will receive in a private placement new unregistered
warrants to purchase up to 5,012,159 of the Company’s co…