secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001213900-25-010992
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud

Cyngn Inc. receives Nasdaq delisting notice for minimum bid price non-compliance; plans 1-for-150 reverse stock split
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390025010992/0001213900-25-010992-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390025010992/ea0230256-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-010992

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