Cycurion, Inc. Receives Notice from Nasdaq Regarding Compliance
MCLEAN, Va. — Cycurion, Inc. (Nasdaq: CYCU), recognized for its robust IT cybersecurity solutions and AI capabilities, has informed stakeholders of receiving a deficiency notification from the Nasdaq Stock Market. This notification aligns with expectations, as the company finds itself non-compliant with Listing Rule 5250(c)(1) due to delays in filing its Quarterly Report on Form 10-Q for the period concluding March 31, 2025. This situation emerged despite the company's proactive approach to maintain regulatory standards, as detailed in prior communications.
Understanding the Nasdaq Notification
The notification does not immediately affect the trading status of Cycurion's stock on the Nasdaq Global Select Market. Instead, it provides the company a 60-day period from the date of the notice to devise a plan aimed at regaining compliance with the Nasdaq listing requirements. After submitting this plan, Nasdaq could potentially offer a compliance extension of up to 180 days, extending the due date for the Form 10-Q until mid-November 2025.
Next Steps for Compliance
Cycurion is dedicated to addressing these compliance issues as swiftly as possible. The company is currently engaged in refining its approach and strategies to successfully file the overdue Form 10-Q. This diligence reflects Cycurion's commitment to transparency and responsiveness in aligning with Nasdaq's regulatory framework.
As indicated earlier, the delay in filing was attributed to issues addressed in the Form NT 10-Q, which is fundamentally linked to the company's ongoing assessment activities. The company remains optimistic that these preparations will culminate in filing the necessary documentation very soon.
About Cycurion, Inc.
Based in McLean, Virginia, Cycurion is a pioneering force in IT cybersecurity solutions and artificial intelligence. The company strives to furnish secure, innovative, and reliable services globally to various clients. With expertise spanning cybersecurity, program management, and business continuity, Cycurion collaborates with its subsidiaries—Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc.—to enhance safety and operational integrity for government, healthcare, and corporate entities.
Future Growth and Innovation
Looking ahead, Cycurion maintains a focused vision on growth and innovation. Recognizing the demand for cybersecurity measures amid increasing digital threats, the company is set to evolve its offerings continuously. This adaptability is a core component of Cycurion’s strategy, ensuring it not only meets current demands but anticipates future challenges in the ever-evolving landscape of cybersecurity.
Frequently Asked Questions
1. What notification did Cycurion receive from Nasdaq?
Cycurion received a deficiency notification concerning its delayed filing of the Quarterly Report on Form 10-Q, indicating non-compliance with Nasdaq rules.
2. How does this notice affect stock trading?
The notice does not have any immediate effect on the trading of Cycurion's stock on Nasdaq's Global Select Market.
3. What are the next steps for Cycurion?
Cycurion has 60 days to submit a plan to Nasdaq to regain compliance regarding the filing of its overdue report.
4. How long can Cycurion potentially extend its compliance deadline?
If approved, Nasdaq can grant Cycurion an extension of up to 180 days to file the necessary report.
5. Who should investors contact for more information?
Investors can reach out to Cycurion’s investor relations via email at investors@cycurion.com for any inquiries.
