Cycurion shares rise 11.64% intraday after clarifying unauthorized acquisition rumors, confirming $112.4M contract backlog, and obtaining court subpoenas for misinformation.

Cycurion surged 11.64% intraday as the company clarified an unauthorized fake acquisition news, confirmed a $112.4 million contract backlog, and emphasized its intrinsic value based on operational performance, customer base, and AI-driven ARx platform. Additionally, the company secured court subpoenas against two individuals spreading false information and hired litigation lawyers to address short-selling and stock manipulation.