Cycurion, Inc.

Cycurion, Inc. said it has regained compliance with Nasdaq Listing Rule 5550(a)(1), the minimum $1.00 per share bid price requirement, according to a letter dated October 1, 2026 from the Hearings Office of The Nasdaq Stock Market LLC. The letter confirms the condition set in the Nasdaq Hearings Panel's September 9, 2026 decision, which had granted the company's request for continued listing subject to demonstrating bid-price compliance on or before September 11, 2026. Nasdaq's compliance worksheet states that on August 28, 2026 Cycurion effected a 1-for-8 reverse stock split and that its bid price has since closed above $1.00 for 10 consecutive trading days. The common stock continues to trade on the Nasdaq Capital Market under the symbol CYCU, and the company will be subject to a Discretionary Panel Monitor for one year from October 1, 2026 through October 1, 2027, during which any failure to maintain compliance with a continued listing requirement would trigger a delist determination letter with no opportunity to submit a plan of compliance or receive additional staff time. Chairman and Chief Executive Officer Kevin Kelly said Nasdaq's letter confirms the company met the bid-price condition in the Panel's decision and that meeting Nasdaq's listing standards remains a priority.

Cycurion, Inc. announced a 1-for-8 reverse stock split, backed by what CEO Kevin Kelly describes as the strongest fundamentals since his tenure began. The company's gross margin expanded from 6.1% in Q2 2025 to 29.1% in Q2 2026, net debt has been cut by more than half since year-end 2024, and it closed two acquisitions this year, Secuvant and Digital Ally/Kustom, adding over 800 agency clients. Cycurion also signed a 10-year, $54.6 million award supporting HHS, which will contribute more than $5 million in annual recurring revenue starting this November, and it has $15 to $17 million of firmly committed revenue in each of 2026, 2027, and 2028, plus a $34 million open pipeline. The Board has authorized a $500,000 share repurchase program, and the company targets break-even profitability and a cash-positive operating position by Q2 2027. Kelly also addressed a manipulation campaign against the stock, stating the company is pursuing accountability through the courts.

Cycurion shares surged about 37% in Friday's premarket trading, extending gains after the stock soared 495.93% on Thursday following the announcement of its largest contract award to date. The company secured a contract valued at about $54.6 million through a partnership with a top-five global consulting firm, expecting it to generate more than $5 million in annual revenue with work scheduled to begin in November 2026. The contract could improve long-term revenue visibility by adding a higher-margin government engagement and reducing earnings volatility if executed successfully. Cycurion provides cybersecurity and information technology services to government and commercial customers, with most revenue coming from advisory consulting. The company is expected to report quarterly results on August 13, with analysts projecting a loss of 56 cents per share on revenue of $3.62 million.

Kustom Entertainment has entered a binding agreement to sell its legacy video solutions division to Cycurion, completing its pivot to a pure-play live entertainment company. The deal provides up to $5.5 million in total consideration, comprising $1.25 million in upfront cash and a $4.25 million secured promissory note payable over 36 months at 7% interest, plus 2 million warrants to purchase Cycurion common stock. The divestiture, expected to close in July 2026, follows the earlier sale of Kustom's medical billing business and a multi-year partnership with Gilley's Park City, which will nearly double capacity for the Country Stampede Music Festival to 35,000 attendees starting in 2027. CEO Stanton Ross said the transaction sharpens the company's focus on live events and ticketing as it targets a $100 billion global addressable market.