Cycurion, Inc. has priced a $6.0 million private placement under Nasdaq rules with a single institutional investor.
The offering includes the purchase and sale of 1,657,460 shares of common stock and warrants for up to 3,314,920 shares at $3.62 per share.
The net proceeds will be used for working capital and general corporate purposes.
Offering Details
1,657,460 shares of common stock and warrants for up to 3,314,920 shares at $3.62 per share.
Use of Proceeds
The net proceeds will be used for working capital and general corporate purposes.
Placement Agent
A.G.P./Alliance Global Partners is the sole placement agent for the offering.
- The capital from this offering will accelerate Cycurion's inorganic growth strategy and strengthen its position in AI-powered cybersecurity.
- The company aims to execute on its backlog and lead in providing mission-critical government IT solutions.
The $6.0 million private placement marks a strategic move for Cycurion, empowering its growth and innovation in cybersecurity solutions.