Cycurion, Inc. (NASDAQ: CYCU) entered a warrant inducement agreement with an existing institutional investor to raise approximately $4.5 million in gross proceeds. The investor will immediately exercise warrants to purchase up to 3,341,439 common shares. The exercise price is $1.35 per share.
As an incentive, the investor will receive new, unregistered warrants to purchase up to 5,012,159 shares. These warrants carry an exercise price of $1.65 per share. Shareholder approval is required for these new warrants to become exercisable. Cycurion plans to use the net proceeds for working capital and general corporate purposes. The deal is expected to close around August 3, 2026.