Cyngn Inc. (CYN): Nasdaq/NYSE listing notice — Cyngn Inc. receives Nasdaq delisting notice for minimum bid price non-compliance; plans 1-for-150 reverse stock split

Cyngn Inc.

Received Nasdaq deficiency letter on Feb 6, 2025 for failing to maintain $1.00 minimum bid price per share.
Not eligible for 180-day compliance period due to prior reverse stock splits within one to two years.
Company plans to request a hearing by Feb 13, 2025 to stay delisting pending panel decision.
Board approved a 1-for-150 reverse stock split on Jan 30, 2025 after shareholder and investor approval.
No assurance that the Nasdaq panel will accept the plan or grant continued listing.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Cyngn Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)(iv)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)(iv)

Exact text from the filing

February 6, 2025, Cyngn Inc., a Delaware corporation (the “Company”) received a letter (the “Minimum Bid Price Deficiency Letter”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it was not in compliance with Nasdaq Listing Rule 5550(a)(2) which requires listed companies to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”). Normally, a company would be afforded a 180-calendar day period to demonstrate compliance with the Minimum Bid Price Requirement. However, pursuant to Listing

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Cyngn Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

February 6, 2025, Cyngn Inc., a Delaware corporation (the “Company”) received a letter (the “Minimum Bid Price Deficiency Letter”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (

View on SEC.gov

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Cyngn Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-010992

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