UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):		Commission File Number:
Date of Report		Commission File Number:
October 22, 2024		0-17449
(Date of Earliest Event Reported)		0-17449
November 8, 2024

PROCYON CORPORATION

(Exact name of Registrant as specified in its charter)

Colorado		59-3280822
(State of incorporation)		(I.R.S. Employer Identification Number)

164 DOUGLAS RD EAST

OLDSMAR, FL 34677

(727) 447-2998

(Address of principal executive offices and telephone number)

offices and telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbols	Name of each exchange on which registered
Common Stock	PCYN	None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

~~The~~Procyon ~~Company~~Corporation ~~filed~~(the an“Company”) ~~extension~~has tofiled ~~file~~a ~~its~~ Form ~~10-K~~15 ~~for~~today ~~fiscal~~with ~~year~~the ~~ended~~Securities ~~June~~and ~~30,~~Exchange ~~2024~~Commission on(“SEC”) ~~Form~~to ~~12b-25~~voluntarily onderegister ~~September~~its ~~30,~~common ~~2024, due to unanticipated delays~~stock. ~~Since~~The ~~then, the~~ Company ~~has~~is ~~endured~~eligible ~~significant delays due~~ to ~~multiple~~deregister ~~major~~because ~~hurricanes,~~it inreasonably ~~the~~believes ~~Company’s~~there ~~location,~~are ~~Hurricanes~~fewer ~~Helene~~than ~~and~~300 ~~Milton.~~holders ~~These~~of ~~hurricanes~~record ~~have~~of ~~knocked~~its ~~out~~common ~~power~~stock ~~for~~as ~~extended~~of ~~periods~~the beginning of ~~time,~~the ~~and~~2025 ~~caused~~fiscal ~~delays~~year ~~not~~and ~~only~~as ~~for~~of ~~our~~the ~~personnel,~~date ~~but~~of ~~for~~the ~~our~~Form ~~professional~~15 ~~advisors~~and asotherwise ~~well.~~qualifies Asto ~~such~~terminate the ~~Company~~registration ~~has~~of ~~not~~its ~~been~~common ~~able~~stock tounder ~~complete~~Section ~~the~~12(g) ~~filing~~ of the ~~10-K~~Exchange ~~within~~Act. Upon filing the ~~extended~~Form ~~period.~~15, Wethe ~~are~~Company’s ~~trying~~obligations to ~~complete~~file ~~this~~certain ~~report~~reports and ~~file~~forms itwith asthe ~~soon~~SEC, asincluding ~~possible.~~Forms ~~The~~10-K, ~~power~~10-Q ~~outages~~and ~~have~~8-K, ~~not~~are ~~effected~~immediately ussuspended. ~~from~~The anCompany ~~operational~~expects ~~standpoint~~that asderegistration weof ~~have~~its ~~power,~~common ~~and~~stock ~~carrier~~will ~~services~~become ~~are~~effective ~~able~~90 todays ~~serve~~after ~~our~~filing ~~location.~~the ~~However,~~Form ~~our independent auditors have been impacted by power outages~~15.

~~SIGNATURES~~The Company is deregistering because it believes that the incremental cost of compliance with the public company reporting requirements does not provide a discernable benefit to the Company and is not in the best interests of its shareholders. Factors influencing the Company’s decision include the following:

~~Pursuant~~– toThe ~~the~~high ~~requirements~~accounting, oflegal ~~the~~and ~~Securities~~administrative ~~Exchange~~costs ~~Act~~ of ~~1934,~~preparing ~~the~~and ~~Registrant~~filing ~~has~~periodic ~~duly~~reports ~~caused~~and ~~this~~other ~~report~~filings towith bethe ~~signed~~SEC onin ~~its~~comparison ~~behalf~~to by the ~~undersigned~~size ~~hereunto~~of ~~duly~~the ~~authorized~~Company.

Date: October 22, 2024	Procyon Corporation
	By: /s/ James B. Anderson
	James B. Anderson, Chief Financial Officer

– The need for senior management of the Company to devote more time to the business of the Company.

– The need to maintain the confidentiality of sensitive business information that would otherwise require SEC disclosure.

– The already limited trading in the Company’s common stock.

– The fact that current trading prices and volume of the common stock make it unlikely that the Company could effectively use its common stock to compensate employees, raise capital or make acquisitions.

The Company’s securities will be able to be traded over the counter on the Pink Market, but the Company can make no assurance that any broker will continue to make a market in the Company’s common stock.

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: November 8, 2024

PROCYON CORPORATION

	By:	/s/ James B. Anderson
	Print Name:	James B. Anderson
	Title:	Chief Financial Officer

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