Cycurion, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Cycurion, Inc. on August 22, 2025, covering events occurring between August 19 and August 21, 2025. The filing addresses regulatory compliance status with the Nasdaq Stock Market and provides updates on the company's backlog.
Key Financial Metrics
The filing references specific financial data from the Company's Form 10-Q for the period ended June 30, 2025, to demonstrate compliance with listing standards:
- Stockholders' Equity: $10,448,853 (as of June 30, 2025).
- Market Value of Publicly Held Shares (MVPHS): $5,000,000 or greater (averaged over the 10 consecutive business days from August 5, 2025, to August 18, 2025).
The filing text does not provide clear values for revenue, profit, cash flow, margins, or debt levels.
Material Changes and Regulatory Status
The Company has resolved previous deficiencies regarding Nasdaq listing requirements:
- Equity Rule Compliance: Nasdaq determined on August 19, 2025, that the Company complies with Listing Rule 5450(b)(1)(A) requiring a minimum of $10,000,000 in stockholders' equity.
- Market Value of Listed Securities (MVLS): The matter regarding the failure to maintain a minimum market value of listed securities of $50,000,000 (notified April 11, 2025) is now closed due to the restoration of equity compliance.
- Market Value of Publicly Held Shares (MVPHS): On August 20, 2025, Nasdaq confirmed the Company regained compliance with Listing Rule 5450(b)(1)(C), having maintained an MVPHS of $5,000,000 or greater for the preceding 10 business days.
Management Commentary and Other Events
On August 20, 2025, the Company issued a press release (Exhibit 99.1) providing additional information regarding its backlog. On August 21, 2025, the Company announced the receipt of formal notifications from Nasdaq confirming the resolution of the aforementioned listing deficiencies (Exhibit 99.2).
Investor Verification Checklist
- Verify the specific details of the backlog update in the August 20, 2025 press release (Exhibit 99.1).
- Confirm the continued maintenance of the $10,000,000 stockholders' equity threshold in subsequent quarterly filings.
- Monitor the market value of publicly held shares to ensure it remains above the $5,000,000 threshold required by Nasdaq Listing Rule 5450(b)(1)(C).
- Review the Form 10-Q for the period ended June 30, 2025, to validate the reported stockholders' equity of $10,448,853.