secwatch.observer — SEC 8-K summary
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Issuer:     Cycurion, Inc. (CYCU)
CIK:        0001868419
Form:       8-K
Filed at:   2026-10-02T13:13:26+00:00
Accession:  0001868419-26-000048
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Cycurion touts record $54.6M state HHS contract; regains Nasdaq $1.00 bid compliance after 1-for-8 reverse split
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- $54.6M 10-year contract — largest in Cycurion's history — won via a global consulting firm to modernize a major state HHS system; >$5M annual revenue, work starts Nov 2026.
- Digital Ally Video Solutions acquisition adds ~$5.5M annual revenue, >$1.2M EBITDA and 800+ law-enforcement agency customers; pro forma gross revenue run rate ~$30M.
- Regained Nasdaq Listing Rule 5550(a)(1) $1.00 minimum bid compliance per an Oct 1, 2026 letter; stock closed above $1.00 for 10 straight trading days.
- 1-for-8 reverse stock split effected Aug 28, 2026; Nasdaq Discretionary Panel Monitor runs through Oct 1, 2027, with no plan-of-compliance cure if compliance lapses.
- CEO L. Kevin Kelly cited reduced debt, improved margins and long-term contract visibility; management targets larger federal and commercial cybersecurity opportunities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868419/000186841926000048/0001868419-26-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868419/000186841926000048/cycu-20260930.htm
  HTML page:      https://secwatch.observer/filing/0001868419-26-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer