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MCLEAN, Va. - Cybersecurity solutions provider Cycurion, Inc. (NASDAQ:CYCU) implemented a one-for-thirty reverse stock split effective Monday, reducing its outstanding shares from approximately 86.5 million to 2.9 million. The micro-cap company, currently valued at $10.92 million, has seen its stock decline by over 97% year-to-date according to InvestingPro data.
The company’s common stock began trading on a split-adjusted basis on the Nasdaq Global Market under its existing symbol CYCU but with a new CUSIP number (95758L305). No fractional shares were issued, with stockholders instead receiving cash payments for partial shares based on the closing price prior to the split’s effective date.
The reverse split comes as Cycurion faces delisting challenges. The company has appealed a determination by Nasdaq Listing Qualification Staff to delist its securities and is scheduled for a hearing with the Nasdaq Hearings Panel on November 20.
Cycurion indicated that the reverse split aims to position the company for institutional investment and strengthen its balance sheet heading into 2026.
Based in McLean, Virginia, Cycurion provides IT cybersecurity solutions, program management, and business continuity services to government, healthcare, and corporate clients through its subsidiaries Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc.
The information in this article is based on a company press release statement.
In other recent news, Cycurion, Inc. has announced a 1-for-30 reverse stock split that will take effect on October 27, 2025. This move will reduce the number of outstanding shares from approximately 86.5 million to 2.9 million, and the company will continue trading under its existing symbol with a new CUSIP number. Additionally, Cycurion has completed the first phase of a joint program with IQSTEL Inc. to enhance AI cybersecurity capabilities, integrating a secure Model Context Protocol for IQSTEL’s AI subsidiary products. In another development, Cycurion has received a delisting notice from Nasdaq due to its failure to maintain the minimum required bid price of $1.00 per share. The company has appealed this determination, temporarily staying the suspension of its securities pending a decision from a Hearings Panel. These recent developments highlight significant changes and challenges facing Cycurion.
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