Cycurion Clears Nasdaq’s Minimum Bid-Price Requirement

Cycurion said Nasdaq confirmed it has regained compliance with the exchange’s $1 minimum bid-price rule. Its common stock continues to trade on the Nasdaq Capital Market under CYCU.

Nasdaq’s Oct. 1 letter said Cycurion met the condition set in a Sept. 9 Hearings Panel decision. A compliance worksheet cited in the letter states the company completed a 1-for-8 reverse stock split on Aug. 28. Its bid price then closed above $1 for 10 consecutive trading days.

Cycurion will be subject to a Discretionary Panel Monitor through Oct. 1, 2027. The company said a failure to meet any continued listing requirement during that period would prompt Nasdaq staff to issue a delist determination. It would not be allowed to submit a compliance plan or receive more time to regain compliance, but could request a hearing.

CEO Kevin Kelly said Nasdaq’s letter confirmed the company had met the bid-price condition. He said meeting the exchange’s listing standards remains a priority.

The shares were last priced at $2.69, up 0.37% from the previous close, in market data dated Oct. 1 at 20:00 UTC.