Cycurion Acquires Secuvant for $2.875M, Adding $3M Annual Revenue & $1.5M EBITDA

summarizeSummary

Cycurion is acquiring Secuvant for $2.875 million, a strategic move expected to add $3 million in annual revenue and $1.5 million in EBITDA, significantly bolstering its cybersecurity capabilities and addressing its financial challenges.

check_boxKey Events

• Acquisition Announced

  Cycurion entered a definitive agreement on May 21, 2026, to acquire Secuvant, LLC for approximately $2.875 million.

• Financial Impact

  The acquisition is expected to contribute $3 million in annualized revenue and $1.5 million in EBITDA for fiscal year 2026.

• Consideration Details

  The deal includes $875,000 in cash and $2.0 million in Series I Convertible Preferred Stock (888,888 shares at a $2.25 conversion price).

• Contingent Earn-Outs

  Secuvant equityholders are eligible for guaranteed annual cash payments of $100,000 and performance-based earn-outs (50% cash, 50% common stock) over three years (2026-2028).

auto_awesomeAnalysis

This acquisition is a significant strategic move for Cycurion, especially given its recent "going concern" disclosures. The $2.875 million deal, comprising cash, preferred stock, and earn-outs, represents a substantial portion of the company's current market capitalization. The acquired firm, Secuvant, is expected to contribute $3 million in annualized revenue and $1.5 million in EBITDA for fiscal year 2026, which is highly material for Cycurion. The issuance of preferred stock at a conversion price of $2.25, a premium to the current stock price, and with lock-up release tied to a $4.50 stock price, indicates institutional confidence in future value. This transaction aims to strengthen Cycurion's cybersecurity offerings and accelerate its operational turnaround, following its recent acquisition of Halo Privacy and HavenX.