- Cycurion Inc. (CYCU, Financial) has received a deficiency notice from Nasdaq due to delayed filing of its Q1 2025 Form 10-Q report.
- The company has 60 days to submit a compliance plan and potentially up to 180 days to regain compliance if the plan is accepted.
- This notice does not immediately affect CYCU's Nasdaq listing status, but investors should monitor the situation closely.
Cycurion Inc. (CYCU), a leader in IT cybersecurity solutions and AI, announced that it received a deficiency notification from Nasdaq on May 22, 2025. The notification was issued because Cycurion failed to timely file its Q1 2025 Form 10-Q report, which is a requirement under Nasdaq Listing Rule 5250(c)(1).
The company now has 60 calendar days to submit a compliance plan to Nasdaq. If accepted, this plan could allow Cycurion an extension until November 17, 2025, to file the delayed report and regain compliance.
The deficiency notice does not immediately affect Cycurion's listing or trading status on the Nasdaq Global Select Market. However, the ongoing assessment that has delayed the filing raises potential concerns about internal controls or accounting issues within the company.
Cycurion had already filed a Form NT 10-Q on May 15, 2025, to notify the delay in submitting its quarterly report. Management intends to rectify the situation "as soon as practicable," although no specific timeline has been provided.
The delayed filing pertains to results for the first quarter of 2025, indicating relatively recent issues rather than long-standing problems. Failure to resolve the deficiency within the allowable timeframe could risk potential delisting, impacting liquidity and investor access to CYCU stock.
Cycurion continues to work diligently to address the issues and is committed to maintaining its compliance with Nasdaq's listing rules. The company, based in McLean, Virginia, specializes in cybersecurity and program management services, serving government, healthcare, and corporate clients globally.
