KUSTOM ENTERTAINMENT, INC. ANNOUNCES A NON-BINDING MEMORANDUM OF UNDERSTANDING FOR THE CONTEMPLATED DIVESTITURE OF ITS VIDEO SOLUTIONS SEGMENT [Yahoo! Finance]
Cycurion, Inc. (CYCU)
Company Research
Source: Yahoo! Finance
into a non-binding Memorandum of Understanding (“MOU”) with Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion”) to divest its video solutions division. The divestiture of the Company's video solutions business supports the Company's strategic focus on its rapidly growing live event production and proprietary online ticketing operations, aligning with its broader rebranding initiative and new Nasdaq ticker symbol “KUST”. Transaction Overview – Pursuant to the MOU, the transaction is expected to be valued between $6.0 million and $8.5 million based on the parties' pro forma financial information. The transaction is subject to customary closing conditions and subject to final negotiation between the parties. The purchase price is structured to provide the Company with immediate liquidity and long-term equity upside: Cash Consideration: $1.0 million – $1.4 million. Equity Consideration: Remainder to be paid in Cycurion preferred stock. The divestiture represents a significant step in Kusto
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CYCU
News
- Cycurion Stock (Nasdaq: CYCU) Receives Buy Rating and $7 Target Price in New Investment Report Issued from Litchfield Hills ResearchGlobeNewswire
- Cycurion (NASDAQ:CYCU) was upgraded by analysts at Zacks Research to a "hold" rating.MarketBeat
- Cycurion (NASDAQ:CYCU) was upgraded by analysts at Litchfield Hills Research to a "strong-buy" rating.MarketBeat
- Cycurion (NASDAQ:CYCU) is now covered by analysts at Litchfield Hills Research. They set a "buy" rating on the stock.MarketBeat
- Cycurion, Inc. Announces a Memorandum of Understanding (“MOU”) to Acquire the Video Solutions Division of Kustom Entertainment, Inc.GlobeNewswire
CYCU
Sec Filings
- 2/2/26 - Form DEF
- 1/27/26 - Form 8-K
- 1/21/26 - Form PRE
- CYCU's page on the SEC website