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Cycurion, Inc. Statement Regarding Unauthorized Press Release, Fabrication of Investor Relations Contact, and Related Market Activity – Litigation Counsel Engaged to Address Short Selling and Manipulation
MCLEAN, Va., March 17, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (Nasdaq: CYCU) (“Cycurion” or the “Company”), a trusted leader in IT cybersecurity solutions, today 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 R
About this update from Cycurion, Inc.
[{"type":"text","content":"MCLEAN, Va., March 17, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (Nasdaq: CYCU) (“Cycurion” or the “Company”), a trusted leader in IT cybersecurity solutions, today issued the following statement in response to an unauthorized press release disseminated yesterday:","length":262,"tagName":"p"},{"type":"text","content":"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 (“Mackenzie Vance of Lowell and Finch,” +34 952 01 04 55, [email protected], note the typo in “filling”).","length":398,"tagName":"p"},{"type":"text","content":"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.","length":457,"tagName":"p"},{"type":"text","content":"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.","length":203,"tagName":"p"},{"type":"text","content":"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.","length":365,"tagName":"p"},{"type":"text","content":"“We remain fully committed to transparency and delivering value to our shareholders,” said Kevin Kelly, CEO of Cycurion. “Our fundamentals are strong, with a verified contracted backlog of $112.4 million and continued progress on strategic initiatives. We are focused on executing our plan and protecting the integrity of our communications.”","length":342,"tagName":"p"},{"type":"text","content":"Cycurio...