The acquisition includes $875,000 in cash and preferred shares valued at $2 million.
Cycurion (CYCU) announced the acquisition of cybersecurity firm Secuvant LLC for approximately $2.875 million. The deal consists of $875,000 in cash and 888,888 preferred shares valued at $2 million.
The transaction marks a strategic move to expand Cycurion’s cybersecurity services portfolio. No prior financial details or consensus estimates were disclosed for comparison.
No immediate market reaction was reported following the announcement.