Core Viewpoint - Cycurion, Inc. will implement a one-for-thirty reverse stock split effective October 27, 2025, with shares trading on a split-adjusted basis on The Nasdaq Global Market under the symbol "CYCU" [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split was approved by a majority of shareholders on August 28, 2025, with a range of 3:1 to 75:1, and a maximum aggregate of 250:1 [2]. - Upon the effective date, the number of outstanding shares will decrease from approximately 86,533,435 to about 2,884,447 shares [3]. - No fractional shares will be issued; instead, stockholders will receive cash payments for any fractional shares based on the closing price prior to the effective date [4]. Group 2: Shareholder Information - Shareholders with physical share certificates will receive instructions from Equiniti Trust Company, LLC for exchanging their shares, while those holding shares in brokerage accounts will not need to take any action [5]. - Proportionate adjustments will be made to the exercise price and number of shares for all outstanding warrants, options, and restricted stock awards [6]. Group 3: Company Overview - Cycurion, Inc. is a cybersecurity solutions provider based in McLean, Virginia, specializing in IT cybersecurity, program management, and business continuity [8]. - The company utilizes its AI-enhanced ARx platform to deliver innovative services to government, healthcare, and corporate clients [8].
Cycurion, Inc. Announces Reverse Stock Split Effective October 27, 2025, for Purpose of Remaining Nasdaq Compliant
Globenewswire·2025-10-23 15:00