Core Viewpoint - Cycurion, Inc. has confirmed that a false press release regarding a $150 million acquisition was disseminated without authorization, leading to trading volatility in its shares [1][2]. Group 1: Company Response - The company has notified FINRA and Nasdaq MarketWatch about the unauthorized press release and is cooperating with their investigations [2]. - Cycurion is aware of ongoing efforts to spread false information and has initiated legal action against individuals involved in these activities [3][4]. - The company has secured court-issued subpoenas for two individuals related to the dissemination of false information and is pursuing remedies for potential stock manipulation [4]. Group 2: Financial Performance and Outlook - Cycurion's CEO stated that the company remains committed to transparency and has a verified contracted backlog of $112.4 million, indicating strong fundamentals [5]. - The company is experiencing ongoing momentum with new contracts from federal agencies and enterprise clients, enhancing its revenue visibility [5]. - Cycurion's AI-powered ARx platform is expected to drive growth through potential acquisitions and integration with its core services [5]. Group 3: Communication and Investor Guidance - The company advises investors and the public to disregard the unauthorized press release and rely on verified communications from Cycurion [6]. - Cycurion emphasizes its commitment to delivering value to shareholders and protecting the integrity of its communications [5].
Cycurion, Inc. Statement Regarding Unauthorized Press Release, Fabrication of Investor Relations Contact, and Related Market Activity – Litigation Counsel Engaged to Address Short Selling and Manipulation
Globenewswire·2026-03-17 11:45