Core Points - Cycurion, Inc. has completed a private placement with a single institutional investor, raising approximately $6 million through the sale of 1,657,460 shares of common stock and warrants to purchase up to 3,314,920 shares at an effective price of $3.62 per share [1][2] - The company plans to use the net proceeds from this offering for working capital and general corporate purposes [2] - A.G.P./Alliance Global Partners acted as the sole placement agent for this offering [2] Company Overview - Cycurion, Inc. is based in McLean, Virginia, and specializes in IT cybersecurity solutions and AI, focusing on providing secure and innovative services to clients globally [5] - The company serves various sectors, including government, healthcare, and corporate clients, and operates subsidiaries such as Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc. [5]

Core Insights - Cycurion has been awarded a $6 million contract by a major municipal transportation agency to provide a range of IT and cybersecurity services [1][3] - The services will include Audit and Cybersecurity Services, Organizational Change Management Consulting, Data Analytics, and Information Technology Services, with potential integration of Cycurion's ARx platform [1][2] - This contract signifies Cycurion's strategic growth and commitment to the public sector, particularly in the transportation sector [3] Company Overview - Cycurion is based in McLean, Virginia, and specializes in IT cybersecurity solutions and AI, aiming to deliver secure and innovative services globally [4] - The company focuses on cybersecurity, program management, and business continuity, utilizing its AI-enhanced ARx platform [4] - Cycurion serves various sectors, including government, healthcare, and corporate clients, through its subsidiaries [4]