Cyngn reduces stockholder meeting quorum from majority to one-third

Cyngn Inc.

Cyngn amended bylaws on May 7, 2024, reducing stockholder meeting quorum from majority to one-third (1/3) of voting power.
Amendment was approved by the Board of Directors on May 7, 2024; effective immediately.
The change may lower the threshold needed to conduct business at future stockholder meetings.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Cyngn Inc.: Amended bylaws to reduce quorum requirement from a majority to one-third of voting power for stockholder meetings (effective 2024-05-07).

Change: bylaw amendment
Effective: 2024-05-07

Exact text from the filing

On May 7, 2024, Cyngn Inc. (the “Company”) amended its Amended and Restated Bylaws (the “Amended Bylaws”), for the purpose of reducing the quorum required to hold meetings of the stockholders of the Company (the “Quorum Requirement”).

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Source: SEC EDGAR

accession 0001213900-24-041809

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