Cycurion to exchange Series H preferred stock for common shares at $2.70 per share
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
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.