SCHEDULE: TD Securities Discloses 5.4% Stake in Cycurion
Beneficial Ownership Disclosure
TD Securities (USA) LLC, along with its affiliates, reported a 5.4% beneficial ownership stake in Cycurion, Inc. common stock, primarily through warrants.
Summary
- TD Securities (USA) LLC, a Delaware-based broker-dealer, reported beneficial ownership of 1,790,845 shares of Cycurion, Inc. common stock.
- This ownership represents 5.4% of Cycurion's common stock class.
- The reported shares are solely comprised of common stock issuable upon the exercise of warrants held by TD Securities (USA) LLC.
- These warrants have an exercise price of $11.50 per share and are presently exercisable.
- The percentage ownership is calculated based on 31,443,906 shares of common stock deemed outstanding as of March 31, 2025, plus the 1,790,845 warrants.
- The disclosure is a joint submission by TD Securities (USA) LLC, Toronto Dominion Holdings (USA) Inc., TD Group US Holdings LLC, and Toronto Dominion Bank, with TD Securities (USA) LLC having sole voting and dispositive power over the shares.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of passive beneficial ownership, indicating a neutral sentiment as it does not convey positive or negative operational or financial news about the issuer.
Future Outlook
This disclosure is a routine filing of passive beneficial ownership and does not contain any forward-looking statements or guidance regarding Cycurion, Inc.'s future performance or operations.
Management Comments
- The securities referred to were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.
Industry Context
This filing represents a passive investment disclosure by a major financial institution, TD Securities, in Cycurion, Inc. It reflects a standard investment activity within the financial services sector, where institutions acquire stakes in publicly traded companies for investment purposes, rather than for control.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake (5.4%) by TD Securities could be viewed positively by some investors as a vote of confidence, though it is a passive investment.
Key Dates
| Date | Description |
|---|---|
| 2025-03-31 | End of quarterly period for which Cycurion, Inc. reported 31,443,906 shares of Common Stock outstanding in its Form 10-Q. |
| 2025-06-06 | Date Cycurion, Inc. filed its quarterly report on Form 10-Q for the period ended March 31, 2025. |
| 2025-06-30 | Date of event which requires the filing of this Schedule 13G. |
| 2025-08-12 | Filing date of the Schedule 13G and signing date of the Joint Filing Agreement. |
Keywords
Cycurion Inc., TD Securities, Schedule 13G, Beneficial Ownership, Warrants, Common Stock, SEC Filing, Investment, Financial Services
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