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Investing.com -- Cycurion Inc (NASDAQ:CYCU) stock dropped 5.3% on Thursday after the cybersecurity solutions provider announced details of its upcoming 1-for-30 reverse stock split.
The company revealed that the previously announced reverse split will take effect on October 27, 2025, with shares beginning to trade on a split-adjusted basis on The Nasdaq Global Market under the existing "CYCU" symbol.
When implemented, the reverse split will reduce Cycurion’s outstanding common shares from approximately 86.5 million to about 2.9 million. The company’s board of directors determined the final split ratio on October 10, following shareholder approval on August 28 for a potential reverse split ratio ranging between 3:1 and 75:1.
No fractional shares will be issued as part of the transaction. Stockholders who would otherwise receive fractional shares will instead receive cash payments equal to the value of their fractional shares, calculated using the closing price on the trading day immediately preceding the effective date.
The reverse split will also trigger proportionate adjustments to the company’s outstanding warrants, stock options, and restricted stock awards. Shareholders holding shares in brokerage accounts won’t need to take any action, while those with physical certificates will receive instructions from the company’s transfer agent, Equiniti Trust Company.
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