Cycurion shares surge 15.69% intraday after announcing $6M private placement with institutional investor.

Cycurion (NASDAQ: CYCU) surged 15.69% intraday following the announcement of a $6.0 million private placement at-the-market with a single institutional investor and securing a position on Florida’s Management Consulting Services State Term Contract. The private placement, priced at $3.62 per share and warrant, provides capital to accelerate inorganic growth and fund backlog execution, while the Florida contract expands its government services footprint. These developments counterbalance recent third-quarter revenue declines and negative EBITDA, positioning the company to strengthen its AI-driven cybersecurity and IT solutions offerings. The stock’s sharp intraday rally reflects investor optimism over the capital raise and strategic contract win, which align with CEO Kevin Kelly’s emphasis on growth and operational execution.