CYCU News & Events

Cycurion 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."

Cycurion entered into a definitive agreement to acquire a premier Washington D.C.-based cybersecurity firm specializing in Department of Defense compliance and cloud security. The acquisition is expected to be immediately accretive to Cycurion's earnings per share. The integration of this new entity will add approximately $18 million in annual recurring revenue and expands Cycurion's footprint within the federal sector. This move aligns with the Company's 2026 growth strategy to consolidate high-margin cybersecurity assets under its proprietary ARx platform. Concurrent with the acquisition announcement, Cycurion is pleased to report that its total contracted backlog has reached a record high of $112.4 million. This growth is driven by recent multi-year contract awards from three major federal agencies and significant renewals from existing enterprise clients.

Cycurion announced a strategic business reorganization that will streamline operations, enhance organizational agility, and position the Company for long-term growth. As part of this reorganization, the Company will be realigning key resources and teams to enhance client engagement, strengthen service delivery, and accelerate innovation. As part of its streamlined operations, Cycurion is taking steps to improve efficiency across personnel, operational, and administrative areas. These actions are expected to deliver approximately $2.2 million in total annualized cost efficiencies. In tandem with the reorganization, Cycurion is pleased to announce the appointment of Rick Finfera as Chief Revenue Officer, CRO