Every material Form 8-K Cycurion, Inc. has filed with the SEC since October 22, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On October 29, 2026, Cycurion entered into agreements giving Obsidian Associates, LLC and M2B Funding Corp. a limited right to exchange their Series H Convertible Preferred Stock, plus accrued and unpaid dividends, for common stock at $2.70 per share, subject to a possible Nasdaq Minimum Price adjustment. Upon exchange, the preferred shares are cancelled and the holders receive only common stockholder rights on the new shares, so existing common shareholders may face dilution, though the filing does not state the number of common shares to be issued.
Holders: Obsidian Associates, LLC (618.75 Series H shares) and M2B Funding Corp. (952.70 Series H shares), plus accrued dividends
Exchange price of $2.70 per common share, subject to adjustment to the Nasdaq Minimum Price if applicable
Exchange window opens after the Company files a Listing of Additional Shares notice with Nasdaq and publicly discloses the transactions
Agreements include a 4.99% beneficial ownership limit and a resale limit of 5.0% of average daily trading volume over the prior ten trading days
Cycurion's board determined that director Peter R. Ginsberg no longer meets independence requirements for three board committees because of legal work his law firm performed for the company in 2026. Ginsberg stepped down from those committees effective October 20, 2026, but remains a director, and J. Derek Penn was appointed to the board and to the Audit, Compensation, and Nominating and Corporate Governance committees.
Peter R. Ginsberg stepped down from the Audit, Compensation, and Nominating and Corporate Governance committees effective October 20, 2026, and remains a director.
The company cited payments made during 2026 to Ginsberg's law firm as the reason he no longer met independence requirements, which it attributes to an administrative oversight.
J. Derek Penn was appointed to fill a board vacancy effective October 20, 2026, and joined the three committees the same day.
The company says it is implementing enhanced procedures for director independence reviews and related-party transaction monitoring.
Cycurion filed three press releases furnished as exhibits: a shareholder letter from CEO L. Kevin Kelly on its predictive intelligence strategy, a report of about $383,000 in new and expanded Digital Ally law enforcement contracts, and notice of a third-quarter earnings call on November 16, 2026. The filing reports no third-quarter financial results, so shareholders still lack the company's latest revenue or profit figures.
Digital Ally secured about $383,000 in new and expanded contracts over the past 30 days, per the October 21, 2026 release.
Third-quarter 2026 earnings call set for Monday, November 16, 2026 at 9:30 AM ET; written questions due by November 13, 2026.
The CEO letter says Nasdaq bid-price compliance was regained, with a Discretionary Panel Monitor running through October 1, 2027.
The letter states future financings may be dilutive and that about 80% of the business is currently services.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Cycurion, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →