Cycurion, Inc. (NASDAQ:CYCU) shares fell 18.36% in after-hours trading on Thursday, closing at $0.38 after a regular session rise of 2.04% to $0.47. The decline followed the company's disclosure of a Nasdaq staff determination to delist its common stock due to non-compliance with the exchange's minimum bid price requirement.
Delisting Details
According to a Form 8-K filed on Thursday, Nasdaq notified Cycurion on July 10 that its common stock had failed to meet the $1.00 minimum bid price for 31 consecutive business days, from May 26 to July 9. Due to a previous 1-for-30 reverse stock split in October 2025, Cycurion is not eligible for Nasdaq's standard 180-day compliance period and is subject to a one-year restriction on additional grace periods. Trading in its common stock is expected to be suspended starting July 21, 2026, unless the company requests a hearing.
Cycurion intends to appeal the decision by the July 17 deadline, which would stay the suspension while the Nasdaq Hearings Panel reviews the case. However, the company noted that there is no guarantee the panel will approve its request for continued listing or that it will regain compliance with Nasdaq's standards.
Trading Metrics
As of now, Cycurion has a market capitalization of approximately $5.4 million. The stock has experienced a significant decline of 95.97% over the past year, with a 52-week high of $16.03 and a low of $0.40. Current trading metrics indicate negative price trends across various time frames, reflecting ongoing selling pressure.
The delisting notice is likely to increase volatility in Cycurion's stock, impacting investors' sentiment and potentially leading to further declines in share price. Investors will watch for the outcome of the company's appeal to the Nasdaq Hearings Panel on July 17, which could determine its future on the exchange.