Cycurion made deals to swap Series H preferred shares for common stock at $2.70 each.

CYCU · Cycurion, Inc.

The AI's read

Clearing the preferred shares and unpaid dividends would remove those claims on Cycurion. But the exchange would add common shares, giving current owners a smaller share of the company. Neither holder had made the exchange by the reporting date, so the agreement alone does not settle which effect will occur.