Cycurion and Kustom Team Up for a Big Deal

Big Move by Cycurion Cycurion, Inc. has made a significant strategic move this week by signing a deal to acquire the video-solutions division of Kustom Entertainment, Inc. The deal is valued between $6.0 and $8.4 million, with the majority of the payment in Cycurion's preferred stock and a smaller portion in cash.

Details of the Deal

• Payment Structure:
• Preferred Stock: Primary form of payment.
• Cash: Smaller portion of the total deal.
• Stock Conversion:
• The conversion price of preferred stock to common stock is set at 20% above the average stock price over the last 30 days.
• Protections are in place if the stock price drops.

CEO's Vision

Kevin Kelly, CEO of Cycurion, expressed enthusiasm about the acquisition. He believes that integrating Kustom's video expertise with Cycurion's cybersecurity platforms will create a strong, secure system. This could benefit both public safety agencies and businesses, potentially increasing revenue and customer base for Cycurion.

Kustom's Reach

Kustom's video-solutions division has an extensive customer base, serving agencies in:

• All 50 U.S. states
• Over 30 countries
• More than 300 subscription contracts

Next Steps

The deal is not yet final. It still requires:

• Regulatory approval
• Shareholder approval

If approved, this acquisition could be a big win for both companies.