Cycurion regains compliance with Nasdaq

Cycurion (CYCU) announced that the company has received formal notification on August 19 from the Nasdaq determining that the company complies with Nasdaq Listing Rule 5450, which requires a minimum of $10M in stockholders’ equity, based on the company’s Form 10-Q for the period ended June 30 evidencing stockholders’ equity of $10.45M. Reference is made to the April 11 Nasdaq notification for failure to maintain a minimum market value of listed securities of $50M over the previous 30 consecutive business days as set forth in Listing Rule 5450. 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.