The termination of the equity purchase agreement removes a potential capital backstop, while the public safety revenue is modest for a listed company. The key catalyst is the Nasdaq panel decision — a delisting would severely impact liquidity and access to capital. Monitor for the panel's written decision and any subsequent financing announcements.
Price Chart
Executive Summary
Cycurion terminated its Equity Purchase Agreement with Yield Point NY LLC for convenience, removing a potential equity financing source. Separately, the company announced ~$843,028 in forecast 2026 revenue from Chicago public safety contracts, including a CAD administration position with a projected 10-year value of ~$3.43 million. The filing also notes the Nasdaq delisting appeal is still pending a final decision, creating significant listing uncertainty.
Key Facts
- Terminated Equity Purchase Agreement with Yield Point NY LLC for convenience, effective one business day after notice on September 25, 2026.
- Forecast ~$843,028 in 2026 revenue from Chicago public safety engagements: $763,256 go-live support, $22,645 fire training, $57,127 CAD administration.
- CAD administration position projected aggregate value of ~$3.43 million over 10 years if continued at current monthly rate (not contracted).
- Nasdaq Hearings Panel decision on delisting appeal still pending as of September 24, 2026; no final written decision received.
- Company is developing new cyber products and pursuing previously disclosed legal claims.
Financial Impact
Forecast $843,028 in 2026 revenue from public safety contracts; projected $3.43 million CAD value over 10 years (not contracted). Termination of equity purchase agreement removes potential capital source.
Risk Factors
- Nasdaq delisting risk remains unresolved; a negative panel decision could severely impact stock liquidity and market price.
- Terminated equity purchase agreement removes a potential financing source, increasing reliance on operating cash flow or alternative funding.
- Forecast 2026 revenue of ~$843,028 is small and dependent on continued municipal authorization and performance; not contracted multi-year backlog.
- Company is an emerging growth company with limited revenue scale and ongoing legal proceedings.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001868419-26-000044 |
| Exhibit: exhibit991sep282026pressre.htm | 0001868419-26-000044 |
| Document: 0001868419-26-000044-index-headers.html | 0001868419-26-000044 |
| Document: 0001868419-26-000044-index.html | 0001868419-26-000044 |
| Document: 0001868419-26-000044.txt | 0001868419-26-000044 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $2.28 | awaiting T+1 | — | $2.20 (−3.51%) |
Oct 22, 2026 4d ago | 8-K | $2.00 $2.16 | ▲ +8.00% | ▲ +8.52% | $2.20 (+10.00%) |
Oct 22, 2026 4d ago | Press Release | $2.00 $2.16 | ▲ +8.00% | ▲ +8.52% | $2.20 (+10.00%) |
Oct 16, 2026 10d ago | 8-K | $2.19 $2.18 | ▼ −0.46% | ▼ −0.88% | $2.20 (+0.46%) |
Oct 2, 2026 24d ago | 8-K | $3.82 $3.68 | ▼ −3.66% | ▼ −4.34% | $2.20 (−42.41%) |
Sep 30, 2026 26d ago | 8-K | $2.69 $3.82 | ▲ +42.01% | ▲ +41.27% | $2.20 (−18.22%) |
Sep 28, 2026 28d ago | 8-K | $2.77 $2.65 | ▼ −4.33% | ▼ −4.15% | $2.20 (−20.58%) |
Sep 8, 2026 6w ago | 8-K | $3.51 $3.46 | ▼ −1.42% | ▼ −0.96% | $2.20 (−37.32%) |
Aug 28, 2026 8w ago | 8-K | $3.85 $3.67 | ▼ −4.68% | ▼ −4.38% | $2.20 (−42.86%) |
Aug 28, 2026 8w ago | 8-K | $3.85 $3.67 | ▼ −4.68% | ▼ −4.38% | $2.20 (−42.86%) |
US Market Status
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