secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0001213900-24-055825
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Cyngn receives Nasdaq delisting notice due to low stock price; shareholders approve reverse stock split
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- Nasdaq notified Cyngn that bid price closed below $0.10 for 10 consecutive days through June 20, 2024, triggering Low Priced Stock Rule.
- Company plans to request hearing before Nasdaq Hearings Panel to stay delisting; trading continues under symbol CYN pending process.
- Stockholders at June 25 annual meeting approved reverse stock split within range 1:5 to 1:100, to be implemented by board.
- Also approved increase in authorized common shares from 200M to 400M and election of Colleen Cunningham as Class III director.
- Ratified Marcum LLP as independent auditor for FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390024055825/0001213900-24-055825-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390024055825/ea0208485-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-055825

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