Cyngn receives 180-day Nasdaq extension to August 19, 2024 for minimum bid price compliance

Cyngn Inc.

Nasdaq granted Cyngn additional 180-day grace period until August 19, 2024 to meet $1 minimum bid price requirement.
Company must have closing bid price at least $1.00 for 10 consecutive business days by August 19, 2024.
Failure to regain compliance may result in delisting from Nasdaq Capital Market, with right to appeal.
Original non-compliance disclosed August 24, 2023; initial cure period expired February 20, 2024.

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