Why Did Cycurion's (CYCU) Stock Spike More Than 9% After Hours? - Cycurion (NASDAQ:CYCU)

Core Points - Cycurion, Inc. shares experienced a significant increase of 31.03%, closing at $4.18, with after-hours trading showing a further jump to $4.58, representing a 9.57% rise [1][2]. Compliance and Trading - Cycurion has regained compliance with Nasdaq's $1-per-share minimum bid price requirement, confirming it meets all listing standards of the Nasdaq Global Market [2]. - The scheduled hearing before the Nasdaq Hearings Panel for November 20 has been canceled, ensuring no disruptions to trading [2][3]. Contract Award - The company's subsidiary, SLG Innovation, Inc., secured a $1.145 million contract to modernize data systems for a major public guardian office, which involves migrating decades of case data to a Microsoft SQL Server platform [4]. Management Commentary - Kevin Kelly, Chairman and CEO, expressed satisfaction with regaining compliance and emphasized the importance of focusing on strategic priorities and long-term shareholder value [5]. Stock Performance - Year-to-date, Cycurion's shares have decreased by 98.7%, with a 52-week trading range of $2.15 to $329.70 and a market capitalization of $12.06 million [5][6].