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Cycurion Board Authorizes $500,000 Share Repurchase Program, Citing Meaningful Undervaluation
MCLEAN, Va., Aug. 17, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a provider of cybersecurity, public safety technology, and managed services solutions, today announced that its Board of Directors has authorized a share repurchase program of up to $500,000 over the next 12 months. Under the program, the Company may repurchase shares of its common stock from time to time in open-market transactions or through other lawful methods, subject to market condit
About this update from Cycurion, Inc.
MCLEAN, Va., Aug. 17, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) ("Cycurion" or the "Company"), a provider of cybersecurity, public safety technology, and managed services solutions, today announced that its Board of Directors has authorized a share repurchase program of up to $500,000 over the next 12 months. Under the program, the Company may repurchase shares of its common stock from time to time in open-market transactions or through other lawful methods, subject to market conditions, applicable securities laws, and other factors. No repurchase may be effected without the prior approval of the Chief Financial Officer, who may withhold approval in the CFO's sole discretion based on liquidity, projected cash requirements, financing restrictions, or other financial considerations. The authorization does not obligate the Company to repurchase any specific number or dollar amount of shares and may be modified, suspended, or terminated at any time. "We believe Cycurion is meaningfully undervalued relative to the business we have built and the trajectory we are on," said L. Kevin Kelly, Chairman and Chief Executive Officer of Cycurion. "The recent closing of the Kustom Entertainment video-solutions acquisition is expected to contribute more than $5 million in annual revenue and over $1.2 million in EBITDA. Together with the Secuvant, LLC acquisition and our $54.6 million contract, these milestones are expected to increase our annualized revenue run rate to approximately $30 million. With strengthened liquidity from our recent warrant inducement transaction and a growing pipeline of federal and public-sector opportunities, the Board has authorized this program as a clear expression of our confidence in the long-term value of the Company." The repurchase authorization is intentionally structured as a discretionary ceiling rather than a commitment. It gives management the flexibility to return capital when conditions warrant while keeping liquidity, integration priorities, and operating needs firmly in front. Any repurchases will be conducted in accordance with applicable securities laws and Delaware law, including the capital impairment limitations of Section 160 of the Delaware General Corporation Law, will be evaluated on a purchase-by-purchase basis, and may be made pursuant to a plan established in advance. The Company will report repurchase ac...