Cycurion Inc. completed a 1‑for‑30 reverse stock split effective Monday, October 27, 2025, reducing its outstanding shares from 86,533,435 to 2,884,447. The split was authorized by a majority vote of shareholders on August 28, 2025, and the board approved the 30:1 ratio on October 10, 2025.
The reverse split was executed by filing a second amendment to the company’s certificate of incorporation with the Delaware Secretary of State. Shares began trading on a split‑adjusted basis on the Nasdaq Global Market under the ticker CYCU and the new CUSIP 95758L305.
Under the terms of the split, every thirty shares were consolidated into one share, with no change to the par value or the total number of authorized shares. Fractional shareholders received cash payments equal to the value of their fractional shares at the closing price on the trading day immediately preceding the effective date, subject to withholding taxes. Proportionate adjustments will also be made to outstanding warrants, stock options, and restricted stock awards.
The reverse split was undertaken to raise the per‑share price above Nasdaq’s minimum bid price requirement of $1.00, following a delisting determination letter received on October 14, 2025. Cycurion filed an appeal with the Nasdaq Hearings Panel on October 20, 2025, and a hearing is scheduled for November 20, 2025.
Cycurion’s board noted that the reverse split will strengthen the company’s balance sheet and position it for institutional investment. The company has recently reduced debt by $3.2 million through a debt‑for‑equity exchange in August 2025 and maintains approximately $54 million of availability on its $60 million equity line of credit.
The company’s financial performance remains challenging, with a year‑to‑date decline of over 97% in share price and a weak current ratio. Nevertheless, Cycurion reported a $73.6 million contracted backlog and secured more than $8 million in new contracts in Q2 2025, with expectations of $2.9 million in new annualized revenue in Q4 2025.
Transfer agent for the reverse split is Equiniti Trust Company, LLC, which will handle the distribution of cash payments to shareholders holding physical certificates.
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