Cycurion says press release claiming acquisition agreement ‘is false’

Cycurion (CYCU) issued the following statement in response to an unauthorized press release disseminated yesterday: The Company has confirmed that a press release claiming an acquisition agreement exceeding $150 million is false and was issued without authorization from Cycurion or its representatives. The release also included a fabricated Investor Relations contact intended to appear legitimate. Yesterday’s trading volatility, with the Company’s shares trading between approximately $1.00 to $2.40, appears connected to the dissemination of this inaccurate information. Cycurion promptly notified FINRA and Nasdaq MarketWatch and is cooperating fully with their reviews of this matter. Cycurion believes its intrinsic value is higher than its current trading price based on its operational performance, growing client base, and AI-powered ARx platform. The Company is aware of other efforts to disseminate false or defamatory information about Cycurion, including via emails and online channels. Legal action has been initiated to address these activities. Cycurion has secured court-issued subpoenas for two individuals involved in spreading false information online. Cycurion engaged litigation counsel to pursue appropriate remedies related to possible short selling and stock manipulation. Cycurion is utilizing its internal cybersecurity capabilities to support these efforts and strengthen protections going forward.”