Cycurion, Inc. Files 2024 10-K, Details Financials
Ticker: CYCUW · Form: 10-K · Filed: Apr 17, 2025 · CIK: 1868419
Sentiment: neutral
Topics: 10-K, financials, preferred-stock, warrants
Related Tickers: CYCU
TL;DR
CYCU 10-K filed: FY24 financials out, shows stock, warrants, and preferred shares. Former Western Acquisition Ventures.
AI Summary
Cycurion, Inc. filed its 10-K for the fiscal year ending December 31, 2024, reporting on its operations as a computer programming services company. The company was formerly known as Western Acquisition Ventures Corp. and changed its name on June 17, 2021. The filing details its financial structure, including common stock and various series of convertible preferred stock, as well as redeemable warrants.
Why It Matters
This 10-K filing provides investors with a comprehensive overview of Cycurion, Inc.'s financial health and corporate structure for the fiscal year 2024, crucial for investment decisions.
Risk Assessment
Risk Level: medium — The company has undergone a name change and operates in the computer programming services sector, which can be subject to market volatility and competitive pressures.
Key Numbers
- 12/31/2024 — Fiscal Year End (Reporting period for the 10-K)
- 12/31/2023 — Prior Fiscal Year End (Comparison point for financial data)
- 0.0001 — Common Stock Par Value (Per share value of common stock)
- 11.50 — Warrant Exercise Price (Price to exercise redeemable warrants)
Key Players & Entities
- Cycurion, Inc. (company) — Filer of the 10-K
- Western Acquisition Ventures Corp. (company) — Former name of Cycurion, Inc.
- 2024-12-31 (date) — Fiscal year end
- 2025-04-17 (date) — Filing date
- 1640 BORO PLACE, FOURTH FLOOR, MCLEAN, VA 10004 (address) — Business and mailing address
- 888-341-6680 (phone_number) — Business phone number
- 001-41214 (filing_number) — SEC file number
FAQ
What is Cycurion, Inc.'s primary business activity?
Cycurion, Inc. operates in the SERVICES-COMPUTER PROGRAMMING SERVICES sector, with SIC code 7371.
When did Cycurion, Inc. change its name?
The company changed its name from Western Acquisition Ventures Corp. on June 17, 2021.
What is the exercise price for Cycurion's redeemable warrants?
The redeemable warrants are exercisable for one share of common stock at an exercise price of $11.50 per share.
What are the different series of convertible preferred stock mentioned?
The filing mentions Series A, Series B, and Series C Convertible Preferred Stock.
What is Cycurion, Inc.'s SEC file number?
Cycurion, Inc.'s SEC file number is 001-41214.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on April 17, 2025 regarding Cycurion, Inc. (CYCUW).