Cycurion (CYCU) Proxy Filing summary

Executive summary

• Special Meeting scheduled for October 9, 2024, to vote on extending the deadline for a business combination by three months, from October 11, 2024, to January 11, 2025.

• The extension is needed due to insufficient time to finalize the merger with Cycurion, Inc. and related regulatory filings.

• If approved, the company will have up to 36 months post-IPO to complete a business combination.

• If not approved, the company will liquidate and redeem all public shares at approximately $10.55 per share.

• Sponsor and financial advisor collectively control enough shares to ensure approval of all proposals.

Voting matters and shareholder proposals

• Proposal 1: Amend the Charter to extend the business combination deadline to January 11, 2025.

• Proposal 2: Amend the Trust Agreement to allow the extension with a $100 deposit into the Trust Account.

• Proposal 3: Adjourn the meeting if more time is needed to solicit votes.

• All proposals are recommended by the board and expected to pass due to sponsor and advisor support.

Board of directors and corporate governance

• The board recommends voting in favor of all proposals.

• Sponsor and A.G.P. have agreed to vote all their shares in favor, ensuring passage.

• The board retains the right to abandon the amendments even if approved.