Cycurion, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Cycurion, Inc. (NASDAQ: CYCU) on September 3, 2025, covering events occurring on September 2 and September 3, 2025. The registrant is an emerging growth company incorporated in Delaware.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document reports a material definitive agreement involving a stock-for-stock exchange valued at $1,000,000 per company.
Material Changes and Agreements
- Stock-for-Stock Exchange Agreement: On September 2, 2025, Cycurion entered into an agreement with iQSTEL Inc. Both companies will issue $1,000,000 worth of their respective common stock to the other party.
- Share Calculation: The number of shares issued will be determined by dividing $1,000,000 by the applicable per-share price of the issuing company's stock at the time of issuance.
- Shareholder Distribution: Each company plans to distribute up to 50% of the shares received as stock dividends to its existing shareholders. Cycurion shareholders will receive iQSTEL shares, and iQSTEL shareholders will receive Cycurion shares.
Outlook, Events, and Risks
- Conference Presentation: The Company announced it will present a corporate overview at the H.C. Wainwright 27th Annual Global Investment Conference.
- Agreement Details: The filing states that the description of the Stock-for-Stock Exchange Agreement is not complete and is qualified in its entirety by reference to Exhibit 10.1.
- Risks: No specific risk factors or contingencies are detailed in the text of this filing beyond the standard qualification of the agreement terms.
Investor Verification Checklist
- Review Exhibit 10.1 for the complete terms and conditions of the Stock-for-Stock Exchange Agreement with iQSTEL.
- Verify the exact number of shares to be issued and distributed once the applicable per-share prices are determined.
- Confirm the specific timeline for the distribution of stock dividends to shareholders.
- Check the press releases (Exhibits 99.1 and 99.2) for additional context on the strategic rationale and conference presentation details.