Cyngn to effect 1-for-150 reverse stock split on Feb 18; all Series B cashless warrants exercised

Cyngn Inc.

1-for-150 reverse stock split effective at market open on Feb 18; shares to drop from 262M to ~1.75M.
Certificate of Amendment filed with Delaware on Feb 7; Board approved split on Jan 30 after stockholder authorization.
All Series B cashless warrants from December 2024 offering fully exercised by Feb 11, 2025.
Upon full warrant exercise, outstanding shares total 262,773,516 as of Feb 12, 2025.
Warrants exercise price adjusted to $0.322; up to 232.9M shares issuable under cashless provision.

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 0.95

Cyngn Inc.: Cyngn Inc. filed a Certificate of Amendment to effect a 1-for-150 reverse stock split of its common stock (effective 2025-02-18).

Change: charter amendment
Effective: 2025-02-18

Exact text from the filing

On January 30, 2025, the Company’s Board of Directors determined to effect the reverse stock split of the common stock at a 1-for-150 ratio (the “Reverse Split”) and approved the filing of a Certificate of Amendment (the “Certificate of Amendment”) to the Certificate of Incorporation, as amended, of the Company to effect the Reverse Split.

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Cyngn Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-012916

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