Cycurion (NASDAQ: WAVS) restores Nasdaq equity and market value compliance

Rhea-AI Filing Summary

Cycurion, Inc. reported that Nasdaq has confirmed the company is back in full compliance with key listing standards following earlier deficiency notices. Nasdaq determined on August 19, 2025 that Cycurion meets the equity requirement, based on Form 10-Q stockholders’ equity of $10,448,853, above the $10,000,000 minimum.

Nasdaq also notified Cycurion on August 20, 2025 that the company regained compliance with the market value of publicly held shares rule after maintaining at least $5,000,000 for ten consecutive business days from August 5 to August 18, 2025. The earlier matter related to minimum market value of listed securities was closed. Cycurion also furnished a press release with additional information on its backlog.

Positive

• Nasdaq equity compliance restored: Stockholders’ equity of $10,448,853 as of June 30, 2025 satisfies the $10,000,000 minimum under Listing Rule 5450(b)(1)(A), closing a prior deficiency related to market value of listed securities.
• Market value of publicly held shares regained: Nasdaq confirmed Cycurion met the $5,000,000 MVPHS requirement for ten consecutive business days through August 18, 2025, bringing the company back into compliance with Listing Rule 5450(b)(1)(C) and reducing delisting risk.

Negative

• None.

Insights

Equity & listing standards analyst

Cycurion resolves Nasdaq listing deficiencies by restoring equity and market value compliance.

Cycurion disclosed that Nasdaq has determined the company now meets multiple Nasdaq Global Select Market standards. Stockholders’ equity reached $10,448,853, exceeding the $10,000,000 minimum required under Listing Rule 5450(b)(1)(A), which allowed Nasdaq to close a prior notice tied to market value of listed securities.

Nasdaq further confirmed Cycurion’s market value of publicly held shares was at least $5,000,000 for ten consecutive business days from August 5–18, 2025, satisfying Listing Rule 5450(b)(1)(C). Together, these findings remove an overhang related to potential delisting risk and stabilize the company’s exchange status.

Future company filings and press releases, including the August 20 and August 21, 2025 backlog and compliance updates, will help clarify whether Cycurion can sustain these metrics over subsequent quarters as business conditions evolve.

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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): August 19, 2025

CYCURION, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware		001-41214		86-3720717
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

1640 Boro Place, Fourth Floor
McLean, Virginia		22102
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (310) 740-0710

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
Common stock, par value $0.0001 per share		CYCU		The NASDAQ Stock Market LLC
Redeemable warrants, each exercisable for one share of common stock at an exercise price of $11.50 per share		CYCUW		The NASDAQ Stock Market

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 ☒

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. ☐

Item 8.01 Other Events.

On August 20, 2025, Cycurion, Inc. (the “Company”), issued a press release providing additional information regarding the Company’s backlog. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

On August 21, 2025, the Company announced that it has received formal notification on August 19, 2025 and August 20, 2025 from the Nasdaq Stock Market (“Nasdaq”) regarding its previous deficiencies. On August 19, 2025, Nasdaq determinted that the Company complies with Nasdaq Listing Rule 5450(b)(1)(A), which requires a minimum of $10,000,000 in stockholders’ equity (“Equity Rule”), based on the Company’s Form 10-Q for the period ended June 30, 2025, evidencing stockholders’ equity of $10,448,853. Reference is made to the April 11, 2025 notification for failure to maintain a minimum market value of listed securities of $50,000,000 over the previous 30 consecutive business days as set forth in Listing Rule 5450(b)(2)(A) (“MVLS Rule”). As the Company is now in compliance with the Equity Rule, Nasdaq notified the Company that the matter regarding the MVLS Rule is now closed. Additionally, on August 20, 2025, the Company received formal notification from Nasdaq, determining that for the last 10 consecutive business days, from August 5, 2025 to August 18, 2025, the Company’s market value of publicly held shares (“MVPHS”) has been $5,000,000 or greater set forth in Nasdaq Listing Rule 5450(b)(1)(C) (“MVPHS Rule”), and that the Company has regained compliance with the MVPHS Rule. 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 August 20, 2025
99.2		Press Release dated August 21, 2025
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

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: August 22, 2025	By:	/s/ L. Kevin Kelly
	Name: Title:	L. Kevin Kelly Chief Executive Officer

FAQ

What did Cycurion (WAVS) disclose about its Nasdaq listing compliance?

Cycurion reported it has regained compliance with key Nasdaq listing rules. Nasdaq confirmed the company now meets equity and market value of publicly held shares standards, resolving earlier deficiency notices and keeping its Nasdaq Global Select Market listing in good standing.

How did Cycurion (WAVS) meet Nasdaq’s equity requirement?

Cycurion satisfied Nasdaq Listing Rule 5450(b)(1)(A) with over $10 million in equity. Nasdaq relied on the June 30, 2025 Form 10-Q showing stockholders’ equity of $10,448,853, above the $10,000,000 minimum required for continued Global Select Market listing.

What Nasdaq market value standards has Cycurion (WAVS) regained?

Cycurion regained compliance with the market value of publicly held shares rule. Nasdaq determined the company’s publicly held shares maintained a market value of at least $5,000,000 for ten consecutive business days from August 5 to August 18, 2025, meeting Listing Rule 5450(b)(1)(C).

What happened to Cycurion’s earlier Nasdaq MVLS deficiency notice?

Nasdaq closed the prior MVLS deficiency matter for Cycurion. After Cycurion met the equity requirement, Nasdaq notified the company that the issue tied to minimum market value of listed securities under Listing Rule 5450(b)(2)(A) was considered resolved.

Did Cycurion (WAVS) provide any update on its backlog in this 8-K?

Cycurion issued a press release with additional backlog information. On August 20, 2025, the company released a backlog-focused update, furnished as Exhibit 99.1, giving investors more detail on contracted work and future revenue visibility beyond the Nasdaq compliance developments.

What exhibits did Cycurion file with this 8-K about Nasdaq compliance?

Cycurion attached two press releases and an XBRL cover file. Exhibit 99.1 is an August 20, 2025 backlog press release, Exhibit 99.2 is an August 21, 2025 Nasdaq compliance press release, and Exhibit 104 provides the Inline XBRL cover page data file.