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Investing.com -- Cycurion Inc (NASDAQ:CYCU) stock dropped 4.5% in after-hours trading Monday following the company’s announcement that it received a delisting determination letter from Nasdaq.
The cybersecurity solutions provider disclosed that Nasdaq staff has determined to commence proceedings to delist the company’s common stock from the Nasdaq Global Market. The delisting notice comes after Cycurion failed to maintain the minimum $1.00 per share closing bid price required for continued listing under Nasdaq rules.
Cycurion had been notified of its non-compliance with the bid price rule on April 9, 2025, and was given until October 6, 2025, to regain compliance. Having failed to meet this requirement, the company now faces removal from the exchange.
In response, Cycurion has appealed the determination to a Hearings Panel, which will temporarily stay the suspension of its securities pending the panel’s decision. Hearings are typically scheduled 30-45 days after the request.
The company’s board has approved a 30:1 reverse stock split in an effort to regain compliance with the minimum bid price requirement. The split is expected to take effect on October 27, 2025, following earlier shareholder approval for a reverse split ratio ranging between 3:1 to 75:1.
If Cycurion’s appeal is unsuccessful or it fails to regain compliance with Nasdaq’s listing standards, its shares may be moved to the over-the-counter market, which could result in reduced liquidity and potentially depress the stock’s trading price.
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