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 Relations contact intended to appear legitimate ("Mackenzie Vance of Lowell and Finch," +34 952 01 04 55, [email protected], note the typo in "filling").
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.
Login to comment