Cycurion, Inc. (CYCU): Nasdaq/NYSE listing notice — Western Acquisition Ventures receives Nasdaq deficiency notice for MVLS below $50M

Cycurion, Inc.

Nasdaq notified on April 3, 2023 that MVLS was below $50M for 30 consecutive business days.
Company has 180 days, until October 2, 2023, to regain compliance by closing at $50M+ for 10 consecutive days.
Alternative: apply for listing on the Nasdaq Capital Market; failure may lead to delisting and appeal hearing.
Trading under WAVS, WAVSW, and WAVSU continues unaffected during the cure period.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Cycurion, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that for the last 30 consecutive business days, the Company’s Minimum Value of Listed Securities (“MVLS”) was below the minimum of $50 million required for continued listing on the Nasdaq Global Market pursuant to Nasdaq listing rule 5450(b)(2)(A). The Notice has no immediate effect on the listing of the Company’s common stock, warrants and units, and the Company’s common stock continues to trade on the Nasdaq Global Market under the symbols “WAVS,” “WAVSW” and “WAVSU,” respectively. In accordance with Nasdaq listing rule 5810(c

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Cycurion, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-044015

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