Shareholder Letter from Lior Tal, CEO at Cyngn Inc. [Yahoo! Finance]
Cyngn Inc. (CYN)
Company Research
Source: Yahoo! Finance
Dear Cyngn Shareholders: As most of you are aware, our annual shareholder meeting is scheduled for June 25, 2024 and proxy materials containing several critical matters requiring shareholder approval have been distributed. The matter I wanted to talk to you about today is granting discretionary authority to our Board of Directors to affect a reverse stock split. We consider the reverse stock split a last measure to regain compliance with Nasdaq's minimum bid price requirement before the late August deadline. We have postponed this as long as possible but now we need to act, and so we're asking for you to allow us to do that. While achieving the minimum bid price requirement organically is preferred, despite our best efforts, achievement of many commercial milestones and significant progress in 2024 , to date, we have not been able to achieve this. Therefore, my recommendation to the Board of Directors and to you, the shareholders of Cyngn, is that we enable the option of the re
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CYN
News
- Cyngn Highlights Its Proprietary Computer Vision Advancements with NVIDIA Accelerated Computing [Yahoo! Finance]Yahoo! Finance
- Cyngn Highlights Its Proprietary Computer Vision Advancements with NVIDIA Accelerated ComputingPR Newswire
- Shareholder Letter from Lior Tal, CEO at Cyngn Inc.PR Newswire
- Cyngn Scales Up Commercialization of Autonomous Vehicle Solutions in First Quarter 2024PR Newswire
- Cyngn rolls out partnership with RobotLAB, expanding distributor network [Seeking Alpha]Seeking Alpha
CYN
Earnings
- 11/8/23 - Beat
CYN
Sec Filings
- 5/31/24 - Form DEFA14A
- 5/21/24 - Form DEF
- 5/17/24 - Form 8-K
- CYN's page on the SEC website