Cyngn shareholders approve 4M share increase for equity plan; re-elect Lior Tal as Class I director

Cyngn Inc.

Plan amendment approved with 271,301 for vs 261,505 against; adds 4M shares to 2021 Equity Incentive Plan.
Director Lior Tal elected with 439,114 for and 97,577 withheld; 2.27M broker non-votes.
Ratification of CBIZ CPAs P.C. as auditor passed overwhelmingly: 2,579,045 for, 75,951 against.
Adjournment proposal approved by slim margin: 265,183 for, 263,510 against.
Annual meeting turnout was low: 2.8M shares voted out of 7.97M entitled, with 2.27M broker non-votes.

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