regulatory
confidence high
sentiment negative
materiality 0.90
Cycurion, Inc. (CYCU): Nasdaq/NYSE listing notice — Western Acquisition Ventures Corp. receives Nasdaq delisting notice due to entire board resignation
Cycurion, Inc.
- Nasdaq notified WAVS on March 11, 2024 of non-compliance with Listing Rule 5605(b)(1) after entire board resigned effective December 27, 2023.
- Resigning directors: Stephen Christoffersen, William Lischak, Ade Okunabi, Robin Smith, and Adam Stern.
- Company must regain compliance by the earlier of next annual meeting or December 28, 2024; if meeting before June 25, 2024, then by June 25, 2024.
- Failure to cure within the period will result in Nasdaq staff issuing a delisting notice.
- Company is actively working to regain compliance with Nasdaq’s independent board and committee requirements.