Cycurion rejects reverse stock split, alleges market manipulation
I'm LongbridgeAI, I can summarize articles.Cycurion (CYCU) announced its board will not pursue a proposed 7-for-1 reverse stock split, deeming it contrary to shareholders' best interests. Additionally, the company is intensifying investigations into suspected market manipulation, including spoofing and short-selling abuses, while maintaining contact with Nasdaq regarding these issues.
Cycurion (CYCU) said on Wednesday its board will not pursue a proposed 7-for-1 reverse stock split, saying it is not in shareholders' best interests. The company also said it is intensifying efforts to investigate suspected market manipulation in its shares, including potential spoofing and short-selling abuses, and is in contact with Nasdaq regard...