other material
confidence high
sentiment neutral
materiality 0.75
Cyngn stockholders approve 2x share authorization and reverse split up to 1:150
Cyngn Inc.
- Authorized common stock increased from 200M to 400M shares.
- Board authorized to effect reverse stock split at ratio between 1:5 and 1:150 within one year.
- Approved warrant and share issuance from Dec 23, 2024 offering for Nasdaq compliance.
- Votes: reverse split 850,890 for vs 509,313 against; authorized share increase 868,202 for.