Western Acquisition Ventures unit Cycurion issues unregistered Series H preferred stock in debt exchange
Cycurion, Inc. CYCU | 0.00 |
- Western Acquisition Ventures disclosed unregistered issuances tied to Cycurion’s June 1, 2026 debt restructuring with IQ Financial, M2B, Obsidian.
- New convertible promissory notes issued: $1.33 million to M2B, $1.08 million to Obsidian, 517,604.40 to IQ Financial.
- Series H Convertible Preferred Stock issued to satisfy default-related amounts: 952 shares to M2B, 947 shares to Obsidian.
- Notes convert at $1.05 per share; Series H converts at $1.45 per share; resale leak-out capped at 5% of average daily volume.
- Issuances relied on Securities Act exemptions under Section 4(a)(2), Regulation D, Section 3(a)(9).
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