Cycurion, Inc. 8K

Cycurion, Inc. announced it will not proceed with a planned 7‑for‑1 reverse stock split and is instead focusing on business growth while intensifying investigations and potential actions related to suspected manipulative trading in its stock in coordination with Nasdaq.

On July 8, 2026, Cycurion, Inc. issued a press release and letter to shareholders in which Chairman and CEO Kevin Kelly announced that, after deliberation, the board and management decided not to proceed with a contemplated 7‑for‑1 reverse stock split, asserting that such a transaction would not be in shareholders’ best interests and could harm them without resolving perceived underlying trading issues in the company’s stock. The letter highlighted recent business progress, including two strategic acquisitions (Digital Ally and Secuvant), increased organic revenues, an annual revenue run rate of approximately $28 million, a new 10‑year contract valued at $58 million, and about $8 million in contracted backlog, emphasizing management’s focus on fundamentals-driven growth instead of “financial engineering.” Cycurion also disclosed the results of an internal forensic review of trading in its shares, citing instances in October 2025 and March 2026 that it believes are inconsistent with fair and orderly markets, including extremely high turnover relative to float, a sharp price drop that triggered Regulation SHO Rule 201, and significant “short exempt” activity and alleged spoofing behavior during restricted periods. The company stated that it has been in contact with Nasdaq regarding this trading activity, intends to continue investigating potential market manipulation, and may pursue appropriate regulatory, enforcement, or legal actions, while reaffirming its intent to protect shareholder value and maintain its listing through operational performance.

Filing Facts

CIK

1868419

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-047899

Alert Tier

6