Cycurion regains Nasdaq $1 bid-price compliance
A one-year Nasdaq monitor follows restored bid-price compliance, while the state contract is expected to generate more than $5 million annually.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Cycurion, Inc. (CYCU) reported that Nasdaq confirmed it regained compliance with the $1.00 minimum bid-price requirement after its bid price closed above $1.00 for 10 consecutive trading days following the August 28, 2026 1-for-8 reverse stock split. Its common stock continues to trade on the Nasdaq Capital Market, subject to a Discretionary Panel Monitor from October 1, 2026 through October 1, 2027. If it fails any continued listing requirement during that period, Nasdaq staff will issue a delist determination, without an opportunity to submit a compliance plan or receive additional time from staff; Cycurion may request a hearing.
Chairman and Chief Executive Officer L. Kevin Kelly also discussed Cycurion’s previously announced $54.6 million, 10-year contract for modernization and secure operation of a major state Health and Human Services system. Work is scheduled to commence in November 2026, and the contract is expected to generate more than $5 million in annual revenue. Kelly discussed the acquisition of Digital Ally’s Video Solutions business, which adds approximately $5.5 million in annual revenue, more than $1.2 million in EBITDA, and an installed customer base of over 800 law enforcement agencies. Upon closing, Cycurion’s pro forma gross revenue run rate stands at approximately $30 million.
1 point · 0 major0 major · 1 point
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointNasdaq confirmed bid-price compliance after 10 consecutive trading days above $1.00.
Negative
- Minor point. Forward-looking: it has not happened yet and may not happen.Monitor-period listing failure would mean no compliance plan or added staff time.
Insights
Analyzing...
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Contract value and term: $54.6 million; 10 years
Expected annual contract revenue: More than $5 million
Annual revenue: Approximately $5.5 million
+4 more
7 metrics
Contract value and term
$54.6 million; 10 years
Previously announced state Health and Human Services contract
Expected annual contract revenue
More than $5 million
Expected revenue from the state contract
Annual revenue
Approximately $5.5 million
Digital Ally Video Solutions business
EBITDA
More than $1.2 million
Digital Ally Video Solutions business
Law enforcement agencies
Over 800
Installed customer base of the Video Solutions business
Pro forma gross revenue run rate
Approximately $30 million
Upon closing of the Digital Ally Video Solutions acquisition
Bid-price compliance
$1.00 per share; 10 consecutive trading days above that level
Nasdaq minimum bid-price requirement
Key Terms
Discretionary Panel Monitor, minimum bid price requirement, delist determination letter, pro forma gross revenue run rate, +1 more
5 terms
Discretionary Panel Monitor regulatory
"subject to a Discretionary Panel Monitor through October 1, 2027"
A discretionary panel monitor is a compliance mechanism—either a small oversight group or a software tool—that reviews and checks trades made at a manager’s discretion to ensure they follow investment rules, risk limits and client instructions. For investors it matters because this watchdog helps prevent unauthorized or risky decisions, reduces the chance of loss or regulatory penalties, and protects trust much like a referee or speed governor keeps a game or machine within safe limits.
minimum bid price requirement regulatory
"regained compliance with Listing Rule 5550(a)(1), the minimum bid price requirement of $1.00 per share"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
delist determination letter regulatory
"Nasdaq staff will issue a delist determination letter"
A delist determination letter is a formal notice from a stock exchange telling a company it no longer meets listing rules and is facing removal from the exchange. For investors, it signals that the stock may lose its regular trading venue, which can sharply reduce liquidity and visibility—like being forced out of a busy shopping mall into a small flea market—raising the risk of price drops and harder-to-sell shares.
pro forma gross revenue run rate financial
"pro forma gross revenue run rate stands at approximately $30 million"
EBITDA financial
"more than $1.2 million in EBITDA"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is the value of CYCU’s state contract?
Cycurion highlighted a previously announced $54.6 million, 10-year contract secured through a leading global consulting firm. It supports modernization and secure operation of a major state Health and Human Services system; work is scheduled to commence in November 2026 and is expected to generate more than $5 million in annual revenue.
How did CYCU regain Nasdaq’s minimum bid-price compliance?
Nasdaq confirmed Cycurion regained compliance with the $1.00 minimum bid-price requirement after the bid price closed above $1.00 for 10 consecutive trading days following the August 28, 2026 1-for-8 reverse stock split. A Discretionary Panel Monitor applies from October 1, 2026 through October 1, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): September 30, 2026
(Exact Name of Registrant as Specified in Its Charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices) | (Zip Code) | |||||||||||||
Registrant’s telephone number, including area code: (888 ) 341-6680
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01 Other Events.
On September 30, 2026, the Company issued a press release. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
On October 2, 2026, the Company issued a press release. A copy of the press release is furnished as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
(d)Exhibits:
| Exhibit No. | Description | |||||||
| 99.1 | Press Release dated September 30, 2026 | |||||||
| 99.2 | Press Release dated October 2, 2026 | |||||||
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K | |||||||
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CYCURION, INC. | ||||||||||||||
| Date: | October 2, 2026 | By: | /s/ L. Kevin Kelly | |||||||||||
| Name: | L. Kevin Kelly | |||||||||||||
| Title: | Chief Executive Officer | |||||||||||||
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Exhibit 99.1
Cycurion Discusses Record Contract Win, Public Safety Expansion and Growth Strategy in New Interview
September 30, 2026
MCLEAN, Va., Sept. 30, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU), a leading provider of cybersecurity, information technology, and public safety solutions, today announced that Chairman and Chief Executive Officer L. Kevin Kelly participated in a featured interview with SmallCapVoice.com, Inc., where he discussed the Company's recent operational milestones, including its largest contract award to date, the acquisition of Digital Ally's Video Solutions business, expansion within the public safety sector, and Cycurion's long-term growth strategy.
During the interview, Kelly highlighted Cycurion’s previously announced $54.6 million, 10-year contract award, the largest in the Company’s history, secured through a leading global consulting firm. The contract supports the modernization and secure operation of a major state Health and Human Services system and is expected to generate more than $5 million in annual revenue, with work scheduled to commence in November 2026.
Kelly noted that this landmark award underscores Cycurion’s growing industry reputation, deep cybersecurity expertise, and long-standing client relationships, further validating the Company’s ability to deliver mission-critical security solutions at scale.
The full interview is available here: https://youtu.be/wZBAElMDjF8
"We believe this contract validates both the quality of our people and the evolution of Cycurion's strategic positioning in the market," said Kelly. "As we continue moving toward larger, higher-value opportunities, we are seeing increased demand for our specialized cyber capabilities and a growing recognition of the value we bring to major enterprises and government engagements."
Kelly also discussed Cycurion's acquisition of Digital Ally's Video Solutions business, which adds an established public safety technology portfolio, approximately $5.5 million in annual revenue, more than $1.2 million in EBITDA, an installed customer base of over 800 law enforcement agencies, and a portfolio of intellectual property assets. Upon the closing, Cycurion’s pro forma gross revenue run rate stands at approximately $30 million.
"The Digital Ally acquisition is an important step in expanding our public safety ecosystem," Kelly said. "The transaction adds recurring revenue, attractive margins, valuable technology assets, and significant cross-selling opportunities. By combining advanced public safety technologies with Cycurion's cybersecurity expertise, we believe we can deliver differentiated solutions that address the evolving needs of law enforcement, emergency services, transportation, and critical infrastructure clients."
The interview also explored Cycurion's expanding public safety footprint, including recent municipal and state-level engagements. According to Kelly, public safety continues to serve as a strategic foundation for the Company's broader expansion into federal government and commercial cybersecurity markets.
"Public safety remains a critical growth area for Cycurion," Kelly added. "These engagements provide long-term relationships, recurring revenue opportunities, and a platform to introduce additional cybersecurity and technology solutions. At the same time, we are continuing to pursue larger federal opportunities while building new commercial offerings designed to accelerate growth and improve margins."
Kelly further discussed Cycurion's strategic vision, including plans to expand its offensive cybersecurity capabilities through new technologies designed to identify vulnerabilities before organizations are breached.
"As cyber threats continue to evolve, organizations are looking beyond traditional defensive solutions," Kelly said. "We are investing in next-generation capabilities that help customers identify and address vulnerabilities proactively. We believe this approach positions Cycurion to capitalize on emerging opportunities across both government and commercial sectors."
Looking ahead, Kelly reiterated management's focus on profitable growth, operational execution, and increasing shareholder value.
"We have made significant progress strengthening the Company's financial foundation, reducing debt, improving margins, securing long-term contract visibility, and expanding our technology portfolio," Kelly concluded. "Our team remains focused on execution, and we believe the initiatives currently underway position Cycurion for continued growth as we work toward our long-term objectives."
About Cycurion
Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of AI-enabled IT cybersecurity solutions, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. For more information, visit www.cycurion.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Such statements include, but are not limited to, the expected revenue, EBITDA and other anticipated financial and operational benefits arising from the acquisition of the Digital Ally video solutions business (the "Business"); statements regarding the anticipated commercial benefits of the Company's patents, including expected expansion of the Company's customer base and expected effects on customer retention; statements regarding the scope, validity, enforceability, and remaining term of the Company's issued patents; statements regarding the availability of the patented functionality across the Company's installed base of deployed systems; statements regarding the number of client relationships acquired in the Business; statements regarding the Company's pro forma gross revenue run rate; statements regarding the Company's execution of its strategic plan; the anticipated benefits, timing, and integration of pending or completed acquisitions; the performance of and revenue expected from government and commercial contracts; the development and commercialization of the Company's AI-enabled cybersecurity platforms, including ARx; the Company's expectations regarding its path to profitability; the Company's ability to regain or maintain compliance with the continued listing standards of the Nasdaq Stock Market; and the conduct, timing, and outcome of the Company's investigations and any related legal proceedings. Forward-looking statements may be accompanied by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "should," "will," and similar expressions.
Forward-looking statements are based on management's current expectations and assumptions and involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied, many of which are outside the Company's control and difficult to predict. These risks include, but are not limited to: the Company's ability to develop, market, and sell products incorporating the patented technology; the possibility that the patented technology does not increase customer retention or expand the Company's customer base as anticipated; the outcome of the Company's investigations and any legal proceedings the Company may initiate or become subject to, and the costs, time, and resources associated with such matters; the Company's ability to identify,
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finance, complete, and integrate acquisitions; risks relating to the Company's intellectual property, including that issued patents may be challenged, narrowed, invalidated, or designed around, that they may not provide meaningful competitive advantage or barriers to entry, and that third parties may assert infringement claims against the Company; the Company's ability to win, retain, and perform under government and commercial contracts; the Company's need for additional capital and the terms on which it may be available; the Company's ability to satisfy Nasdaq's continued listing requirements; competitive conditions and technological change in the cybersecurity market; and volatility in the trading price and volume of the Company's common stock, which may occur for reasons unrelated to the Company's operating performance. Additional risks and uncertainties are described in the Company's most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the U.S. Securities and Exchange Commission, which are available at www.sec.gov.
Forward-looking statements speak only as of the date of this press release. Except as required by law, the Company undertakes no obligation to update any forward-looking statement.
Cycurion Investor Relations:(888) 341-6680investors@cycurion.com
Cycurion Media Relations:(888) 341-6680media@cycurion.com
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/566c30d8-ff54-4476-8120-00364fd810bc
A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/5ed1a647-4348-478a-a5a5-04c9acfefe74
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Exhibit 99.2
Cycurion Regains Compliance with Nasdaq Bid Price Requirement
October 2, 2026
Nasdaq confirms the Company has satisfied the condition in the September 9, 2026 Hearings Panel decision; common stock continues to trade on the Nasdaq Capital Market under the symbol CYCU, subject to a Discretionary Panel Monitor through October 1, 2027
MCLEAN, Va., Oct. 02, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a leading AI-driven, tech-enabled cybersecurity solutions provider, today announced that it has received a letter, dated October 1, 2026, from the Hearings Office of The Nasdaq Stock Market LLC confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(1), the minimum bid price requirement of $1.00 per share, as required by the Nasdaq Hearings Panel’s decision letter dated September 9, 2026.
The October 1 letter confirms that the Company has regained compliance with Listing Rule 5550(a)(1). Nasdaq staff’s compliance worksheet, referenced in the letter, states that on August 28, 2026 the Company effected a 1-for-8 reverse stock split and that, since then, the Company’s bid price has closed above $1.00 for 10 consecutive trading days. The Company’s common stock continues to trade on the Nasdaq Capital Market under the symbol CYCU.
The September 9, 2026 Panel decision granted the Company’s request for continued listing subject to demonstrating bid-price compliance on or before September 11, 2026. The October 1 letter confirms that condition has been met.
In application of Listing Rule 5815(d)(4)(A), the Company will be subject to a Discretionary Panel Monitor for one year from October 1, 2026, through October 1, 2027. If the Company fails to maintain compliance with any continued listing requirement during that period, Nasdaq staff will issue a delist determination letter, and the Company will not be permitted to submit a plan of compliance or receive additional time from staff to regain compliance. The Company may request a hearing, which the Nasdaq Hearings Department would promptly schedule. The Hearings Panel will consider the Company’s compliance history in any such decision.
“Nasdaq’s letter confirms that we met the bid-price condition in the Panel’s decision,” said Kevin Kelly, Chairman and Chief Executive Officer of Cycurion. “The common stock continues to trade on Nasdaq. We understand the monitor, and meeting Nasdaq’s listing standards has been, and remains, a priority for the Company.”
About Cycurion, Inc.
Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity and AI solutions, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. More info: www.cycurion.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Such statements include, but are not limited to, the Company’s ability to maintain compliance with Nasdaq’s continued listing requirements, including during the Discretionary Panel Monitor period through
October 1, 2027; the continued listing and trading of the Company’s common stock on the Nasdaq Capital Market; the operations and prospective growth of the Company’s business; and other statements that are not historical facts, including statements which may be accompanied by words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Cycurion and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, the Company’s ability to maintain a closing bid price of at least $1.00 per share and to satisfy Nasdaq’s other continued listing requirements; the fact that, during the Discretionary Panel Monitor period, any failure to maintain compliance will result in a delist determination without the opportunity to submit a plan of compliance or obtain additional time from Nasdaq staff; the outcome of any hearing that may follow such a determination; the effect of the reverse stock split on the market price, trading volume, and liquidity of the Company’s common stock; volatility in the Company’s stock price; any potential legal proceedings; and the future performance of the Company’s stock. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Cycurion with the U.S. Securities and Exchange Commission. Cycurion anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Cycurion assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Cycurion’s plans and expectations as of any subsequent date.
Cycurion Investor Relations:
(888) 341-6680
investors@cycurion.com
Cycurion Media Relations:
(888) 341-6680
media@cycurion.com
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