MCLEAN, Va., July 16, 2026 (GLOBE NEWSWIRE) — Cycu io , I c. (NASDAQ: CYCU) (“Cycu io ” o the “Compa y”), a leadi g AI d ive , tech-e abled cybe secu ity solutio s p ovide , today a ou ced that it has eceived a delisti g dete mi atio lette f om The Nasdaq Stock Ma ket LLC (“Nasdaq”) elated to its mi imum bid p ice equi eme t.
As set fo th i the dete mi atio lette , dated July 10, 2026, the closi g bid p ice of the Compa y’s commo stock was below the $1.00 pe sha e mi imum equi ed fo co ti ued listi g fo the 31 co secutive busi ess days f om May 26, 2026 th ough July 9, 2026. Nasdaq dete mi ed that the Compa y does ot comply with Nasdaq Listi g Rule 5550(a)(1), which equi es listed secu ities to mai tai a mi imum bid p ice of $1.00 pe sha e. Because the Compa y effected a 1-fo -30 eve se stock split o Octobe 27, 2025, Nasdaq fu the dete mi ed that the Compa y is ot eligible fo the customa y 180-cale da day complia ce pe iod u de Nasdaq Listi g Rule 5810(c)(3)(A)(iv), which applies whe a issue has effected a eve se stock split withi the p io o e-yea pe iod, a d abse t a timely hea i g equest, t adi g i the Compa y’s secu ities is expected to be suspe ded at the ope i g of busi ess o July 21, 2026.
The Compa y pla s to timely equest a hea i g befo e the Nasdaq Hea i gs Pa el befo e the July 17, 2026 deadli e set fo th i the dete mi atio lette . A timely hea i g equest will stay the suspe sio of the Compa y’s secu ities a d the fili g of a Fo m 25-NSE pe di g the Pa el’s decisio . Cycu io ’s commo stock will emai listed a d co ti ue t adi g o Nasdaq du i g the appeal p ocess a d pe di g a fi al dete mi atio by the Hea i gs Pa el.
The e ca be o assu a ce that the Hea i gs Pa el will g a t the Compa y’s equest fo co ti ued listi g o that the Compa y will ultimately egai complia ce with all applicable Nasdaq listi g equi eme ts o that the Compa y’s sha es of commo stock will emai listed o Nasdaq followi g the hea i g.
As p eviously disclosed, Cycu io ’s Boa d of Di ecto s a d ma ageme t dete mi ed ot to pu sue a eve se stock split at this time. The Boa d co ti ues to evaluate all available optio s fo egai i g complia ce with Nasdaq’s co ti ued listi g equi eme ts, i cludi g a y actio s it may dete mi e a e app op iate i co ectio with the hea i g p ocess. The Compa y emai s focused o executi g its st ategic pla while suppo ti g a fai a d o de ly ma ket fo its secu ities.
Kevi Kelly, Chai ma a d Chief Executive Office of Cycu io , stated:
“We a e fully p epa ed to p oceed with the Nasdaq Hea i gs Pa el p ocess. Du i g this pe iod, we a e co ti ui g to develop a comp ehe sive, data-d ive eco d of t adi g activity, suppo ted by i te al a alysis a d exte al ma ket data. Ou focus emai s o e su i g that the Compa y’s ma ket valuatio app op iately eflects its u de lyi g fu dame tals a d that ou sha eholde s be efit f om a t a spa e t a d o de ly t adi g e vi o me t.”
Hea i gs a e typically scheduled app oximately 30 to 45 days followi g the Compa y’s equest. The Nasdaq Hea i gs Pa el has b oad disc etio u de applicable ules to co side all eleva t facto s i dete mi i g whethe to g a t co ti ued listi g o a exte sio .
The Compa y is actively p epa i g its mate ials i suppo t of this p ocess. Cycu io co ti ues to adva ce its eview of t adi g activity th ough o goi g fo e sic a alysis, e gageme t with exte al adviso s a d data p ovide s, a d app op iate legal a d egulato y eview p ocesses.
This matte does ot impact Cycu io ’s ope atio s o st ategic executio . The Compa y co ti ues to ge e ate eve ue g owth th ough o ga ic expa sio , st ategic acquisitio s, a d lo g-te m custome co t acts.
Cycu io cu e tly mai tai s a a ual eve ue u ate exceedi g $28 millio , suppo ted by co t acted backlog a d a g owi g pipeli e of oppo tu ities, i cludi g ece tly secu ed multi-yea ag eeme ts.
The Compa y emai s committed to discipli ed executio , t a spa e cy with sha eholde s, a d pu sui g all app op iate ave ues to suppo t fai ma ket co ditio s a d lo g-te m value c eatio .
Ce tai stateme ts i this p ess elease that a e ot histo ical facts a e fo wa d-looki g stateme ts withi the mea i g of Sectio 27A of the Secu ities Excha ge Act of 1934, as ame ded. A y stateme ts co tai ed i this p ess elease that a e ot stateme ts of histo ical fact may be deemed fo wa d-looki g stateme ts. Such stateme ts i clude, but a e ot limited to, the Compa y’s appeal of Nasdaq’s delisti g dete mi atio ; the timi g, a d outcome of the Compa y’s hea i g befo e the Nasdaq Hea i gs Pa el; the Compa y’s ability to egai a d mai tai complia ce with Nasdaq’s co ti ued listi g equi eme ts; the accele atio of the Compa y’s i o ga ic g owth st ategy th ough pote tial acquisitio s a d st ategic t a sactio s; the co ti ued executio of the Compa y’s co t acted backlog; a d othe stateme ts that a e ot histo ical facts, i cludi g stateme ts which may be accompa ied by wo ds such as “co ti ue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “pla s,” “i te d,” “a ticipate,” “believe,” “estimate,” “p edict,” “pote tial,” a d simila exp essio s i te ded to ide tify such fo wa d-looki g stateme ts. All fo wa d-looki g stateme ts i volve sig ifica t isks a d u ce tai ties that could cause actual esults to diffe mate ially f om those exp essed o implied i the fo wa d-looki g stateme ts, ma y of which a e ge e ally outside the co t ol of Cycu io a d a e difficult to p edict. Examples of such isks a d u ce tai ties i clude, but a e ot limited to, the outcomes of the Compa y’s i vestigatio s, a y pote tial legal p oceedi gs, o the futu e pe fo ma ce of the Compa y’s stock. Additio al facto s that could cause actual esults to diffe mate ially f om those exp essed o implied i the fo wa d-looki g stateme ts ca be fou d i the most ece t a ual epo t o Fo m 10-K, qua te ly epo ts o Fo m 10-Q, a d cu e t epo ts o Fo m 8-K filed by Cycu io with the U.S. Secu ities a d Excha ge Commissio . Cycu io a ticipates that subseque t eve ts a d developme ts may cause its pla s, i te tio s, a d expectatio s to cha ge. Cycu io assumes o obligatio , a d it specifically disclaims a y i te tio o obligatio , to update a y fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts, o othe wise, except as exp essly equi ed by law. Fo wa d-looki g stateme ts speak o ly as of the date they a e made a d should ot be elied upo as ep ese ti g Cycu io ’s pla s a d expectatio s as of a y subseque t date.
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