Cycurion, Inc. has responded to a coordinated adversarial campaign targeting its stock price, citing evidence of spoofing and unauthorized press releases. The company believes damages from this campaign could exceed $30 million and is actively pursuing litigation to recover losses. Despite these external challenges, Cycurion continues to strengthen its core business by reducing net debt and integrating recent acquisitions.

Evidence of Market Manipulation

On March 16, 2026, an unauthorized press release was distributed through ACCESS Newswire, falsely announcing a fictitious acquisition by Cycurion. This triggered a coordinated manipulation of the company's stock price. Subpoenaed trading records from multiple registered market makers revealed several irregularities:

The company states that the spoofing pattern constitutes unlawful activity under the Dodd-Frank Act and FINRA Rule 5210.

Legal Action and Industry Context

Cycurion has filed a lawsuit naming ACCESS Newswire as a defendant and plans to include market manipulators. The company highlights similar cases involving other public companies, such as Genius Group and Datavault AI, which have filed federal lawsuits alleging spoofing and market manipulation. The SEC's Fiscal Year 2025 enforcement report also identified spoofing as a priority, reinforcing the severity of the issue.

Operational Strengthening

While addressing the stock manipulation, Cycurion has focused on improving its operational fundamentals:

• Reduced net debt by over 70% while maintaining solid cash reserves.
• Implemented disciplined cost controls focused on profitable revenue.
• Integrated acquisitions of Secuvant and Digital Ally's Video Solutions segment to expand its AI-powered ARx platform.
• Positioned to more than double run-rate revenue through significant contract wins and improved margins.

The company emphasizes that its share price decline reflects the coordinated external attack rather than its operational performance. Cycurion remains committed to fighting back legally while continuing to grow its cybersecurity and public safety business.

Cycurion acquired Secuvant on June 2, 2026, for $2.875 million to significantly expand its cybersecurity platform and accelerate its growth strategy. The transaction strengthens Cycurion's ability to deliver higher-margin, recurring revenue solutions to enterprise and government clients by integrating Secuvant's advanced threat and vulnerability visibility capabilities.

The deal structure includes $875,000 in cash and 888,888 preferred shares valued at approximately $2.0 million. Additionally, Secuvant shareholders are eligible for earn-out payments through 2028, which consist of guaranteed annual payments of $100,000 and performance-based compensation tied to specific gross profit targets. Any performance-related earn-outs will be distributed equally in cash and Cycurion common stock.

Transaction Details

The acquisition terms outline a combination of immediate and future compensation mechanisms designed to align the interests of both parties. The financial components of the deal are detailed below:

Strategic Synergies

L. Kevin Kelly, Chief Executive Officer of Cycurion, described the acquisition as a transformative step that advances the company's strategy of moving into higher-margin, recurring revenue businesses. He emphasized that the addition of Secuvant strengthens Cycurion's competitive position and creates new cross-selling opportunities across its existing customer base. The integration of Secuvant's intelligent prioritization and real-time security insights is expected to broaden the depth of products available to clients.

Cycurion operates as a single reportable segment, providing information technology security solutions through its subsidiaries. Its services span risk management, cybersecurity, information assurance, systems engineering, and help desk support, catering to government and commercial customers in the realms of information technology, electronic warfare, and information warfare.