secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0001213900-22-080536
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Cyngn receives Nasdaq deficiency notice for bid price below $1.00
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- Received Nasdaq notice on Dec 15, 2022; closing bid price below $1.00 for 30 consecutive trading days.
- Has 180 calendar days, until June 13, 2023, to regain compliance by closing at $1.00+ for 10 consecutive business days.
- If not compliant by June 13, may be eligible for additional 180 days if meeting other initial listing standards.
- Company will monitor bid price and consider options, including possible reverse stock split.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390022080536/0001213900-22-080536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390022080536/ea170335-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-080536

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