Cycurion, Inc. (CYCU) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 81.3% of current shares
Recent Dilution: 1159.67% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
8.6M
Potential Supply
7M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

CYCU currently has 8.59M outstanding shares. with significant dilution risk as 6.98M authorized shares could dilute existing holders by 81.3%. The company has significantly diluted shareholders by 1159.67% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 8.6M shares outstanding

8.6M 7M
Mar 31, 2026

10-K filing | 5.5M shares outstanding

5.5M 10M
Dec 22, 2025

S-1 filing: This prospectus relates to the offer and sale from time to time of up to of 4,972,380 shares of common stock of Cycurion, Inc. by the selling securityholder.

8.6M 7M
Nov 26, 2025

S-1 filing: This S-1 filing outlines a primary offering of up to 7,000,000 shares of common stock to Yield Point NY LLC under an equity purchase agreement, and a secondary offering by selling stockholders of (a) up to 119,326 shares of Common Stock, (b) up to 395,866 shares of Common Stock issued upon the conversion of the Warrants, (c) up to 83,333 shares of Common Stock issuable to Seward & Kissel upon exercise of a pre-funded warrant and (d) 696,146 shares of Common Stock issuable upon conversion of Series G Convertible Preferred Stock.

3.3M 7.3M
Oct 27, 2025
Stock Split

8-K filing: Stock split 1-for-30 | Outstanding: 51,426,037 → 2,884,447

2.9M 0
Sep 29, 2025

8-K filing: Cycurion, Inc. entered into the First Amendment to Stock-for-Stock Exchange Agreement with iQSTEL, Inc. where Cycurion will issue 3,866,976 shares of its common stock to iQSTEL. Cycurion also filed a Charter Amendment to increase the number of authorized shares of common stock from 100,000,000 to 300,000,000 and to allow for reverse stock splits. ($1.0M proceeds)

51M 18M
Aug 25, 2025

8-K filing: Cycurion engaged in a strategic recapitalization, exchanging $3.2 million of convertible indebtedness for 3,133 shares of Series G Convertible Preferred Stock and plans to effect a reverse stock split to maintain compliance with Nasdaq listing standards. ($3.2M proceeds)

51M 18M
Aug 13, 2025

10-Q filing | 51.4M shares outstanding

51M 18M
Aug 12, 2025

8-K filing: Cycurion, Inc. finalized an agreement to acquire 51% equity interest in SLG Innovation Inc., issuing 508,141 shares of Common Stock and 51 shares of Series E Convertible Preferred Stock, and authorized 100 shares of Series E Convertible Preferred Stock and 10,000 shares of Series F Convertible Preferred Stock.

31M 38M
Jun 06, 2025

10-Q filing | 31.4M shares outstanding

31M 38M
May 13, 2025

S-1/A filing: This prospectus relates to the offer and sale from time to time by the Yield Point NY LLC of up to an aggregate of up to $15 million in shares of our common stock, and up to 4,500,000 shares of Common Stock issuable to the Investor upon exercise of a pre-funded warrant.

31M 38M
May 07, 2025

S-1 filing: This prospectus relates to the offer and sale of up to $15 million in shares of common stock relating to shares that may be issued to the Selling Stockholder pursuant to an equity purchase agreement and up to 4,500,000 shares of Common Stock issuable to the Investor upon exercise of a pre-funded warrant.

31M 38M
Apr 17, 2025

10-K filing | 31.4M shares outstanding

31M 0
Apr 11, 2025

8-K filing: Cycurion, Inc. entered into an equity purchase agreement with Yield Point NY LLC, where the Company can direct the Investor to purchase up to $60,000,000 in shares of common stock, and also issued a pre-funded warrant for the Investor's purchase of 4,500,000 shares of common stock. ($1.8M proceeds)

3.3M 0
Feb 14, 2025

8-K filing: Western issued 376,000 shares of common stock and PIPE Warrants to purchase 376,000 shares of common stock for $3,760,000 pursuant to the PIPE Subscription Agreement. ($3.76M proceeds)

3.3M 0
Dec 09, 2024

10-Q filing | 3.3M shares outstanding

3.3M 0
Oct 09, 2024

8-K filing: Western Acquisition Ventures Corp., Western Acquisition Ventures Sponsor, LLC, and RiverNorth SPAC Arbitrage Fund, LP entered into a non-redemption agreement where the Sponsor plans to transfer 5,000 shares each month over the next three months to the Investor for agreeing not to redeem its 99,800 shares prior to the business combination.

3.3M 0
Sep 30, 2024

10-Q filing | 3.3M shares outstanding

3.3M 0
Aug 07, 2024

8-K filing: Western Acquisition Ventures Corp. entered into a non-redemption agreement with Western Acquisition Ventures Sponsor, LLC and RiverNorth SPAC Arbitrage Fund, LP, where the Sponsor will transfer 5,000 shares each month over three months to the Investor for agreeing not to redeem 99,800 shares.

3.3M 0
Jul 31, 2024

10-Q filing | 3.3M shares outstanding

3.3M 0
Apr 26, 2024

10-K filing | 3.3M shares outstanding

3.3M 0
Nov 14, 2023

10-Q filing | 3.3M shares outstanding

3.3M 0
Aug 21, 2023

10-Q filing | 3.3M shares outstanding

3.3M 0
May 22, 2023

10-Q filing | 3.3M shares outstanding

3.3M 0
Mar 31, 2023

10-K filing | 2.9M shares outstanding

2.9M 0
Jan 17, 2023

8-K filing: Western Acquisition Ventures Corp. entered into a Forward Share Purchase Agreement with Cycurion, Inc. and Alpha Capital Anstalt, where Alpha may sell up to 300,000 shares to WAVS at the Redemption Price 12 months after the closing of the Business Combination, with potential acceleration clauses.

3.3M 0
Dec 07, 2022

8-K filing: Western Acquisition Ventures Corp. entered into an Agreement and Plan of Merger with Cycurion, Inc., where Cycurion will merge into a subsidiary of Western Acquisition Ventures Corp., and Cycurion stockholders will receive 9,500,000 shares of Registrant Common Stock as Aggregate Consideration.

3.3M 0
Nov 10, 2022

10-Q filing | 3.3M shares outstanding

3.3M 0
Aug 11, 2022

10-Q filing | 3.3M shares outstanding

3.3M 0
May 16, 2022

10-Q filing | 3.3M shares outstanding

3.3M 0
May 02, 2022

8-K filing: Western Acquisition Ventures Corp. consummated its initial public offering of 11,500,000 units at a price of $10.00 per Unit, generating gross proceeds of $11,500,000 and announced separate trading of common stock and warrants. ($11.5M proceeds)

4.3M 0
Jan 24, 2022

8-K filing: Western Acquisition Ventures Corp. consummated its initial public offering of 11,500,000 units at $10.00 per unit, generating gross proceeds of $115,000,000, and completed a private sale of 376,000 units to its Sponsor at $10.00 per unit, generating gross proceeds of $3,760,000. ($237.52M proceeds)

4.3M 0
Jan 14, 2022

8-K filing: Western Acquisition Ventures Corp. consummated its initial public offering of 11,500,000 units at $10.00 per unit, generating gross proceeds of $115,000,000, and completed a private sale of 376,000 units to the Sponsor at $10.00 per unit, generating gross proceeds of $3,760,000. ($237.52M proceeds)

4.3M 10M
Jan 05, 2022

S-1/A filing: Western Acquisition Ventures Corp. is offering 10,000,000 units at $10.00 per unit in an initial public offering, with each unit consisting of one share of common stock and one warrant; A.G.P./Alliance Global Partners is the underwriter.

4.3M 10M
Dec 01, 2021

S-1/A filing: Western Acquisition Ventures Corp. is offering 10,000,000 units at $10.00 per unit in an initial public offering, with each unit consisting of one share of common stock and one warrant to purchase 0.75 of a share of common stock at $11.50 per share; A.G.P. also has a 45-day option to purchase up to an additional 1,500,000 units to cover over-allotments.

4.3M 12M
Oct 20, 2021

S-1 filing: Western Acquisition Ventures Corp. is offering 15,000,000 units at $10.00 per unit in an initial public offering. Each unit consists of one share of common stock and one warrant to purchase one-half of a share of common stock at a price of $11.50 per whole share.

4.3M 18M
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