Onion365 OP ReoNnA : No.

Onion365 OP Onion365 OP : Bought at 23.49.

Onion365 OP 104689640 : It's all the same and doesn't have much impact; just maintain a calm mindset. Being Bullish on the stock price trend is sufficient. The current number of Stocks you Hold divided by 150 equals the total number after the stock consolidation, and the total Assets remain unchanged. The impact is that the hope of chopping down a big tree with a small knife is gone.

Onion365 OP 104689640 : It is recommended to find other reliable investments before merging, for example, the price of Intel is similar to the price of Cyngn after the reverse split.

Onion365 OP Bunny R : Announcements from AI Siasun Robot&Automation should not be taken completely seriously.

Onion365 OP 105266347 : Is that really what you believe?

Onion365 OP SakataGin : I only believe in what is in front of me.

Onion365 OP 105266347 : I ignore anything that is not from official sources, as Siasun Robot&Automation can also collect false information.

Onion365 OP Bunny R : Loss of 80 dollars, Buy at 0.12 to break even at 20 dollars

Onion365 OP PETER-F1 : It's just a loss XD.

Onion365 OP Mangkawat : Keep 100 shares as a memento.

Onion365 OP PETER-F1 : I am currently down $80, waiting to see if these 100 shares can rebound. I'll have to wait until the 13th to find out if this company will delay delisting or something.

Onion365 OP Mangkawat : The information will only be known after the hearing on the 13th.

Onion365 OP Mangkawat : Cyngn plans to appeal this decision and will request a hearing with the Nasdaq hearing panel by February 13, 2025. This action will temporarily suspend the delisting process, allowing Cyngn's stocks to continue trading under the "CYN" code until the panel reviews the case.
To address compliance issues, Cyngn obtained shareholder approval for a reverse stock split in a ratio of 1-for-5 to 1-for-150 on January 30, 2025. Additionally, the company has obtained the necessary consent from a majority of investors in specific securities purchase agreements dated December 20 and December 30, 2024. The board approved the 1-for-150 reverse stock split on the same day, and Cyngn plans to implement this measure swiftly to regain compliance with Nasdaq's minimum bid price requirement.
However, there is no guarantee that the hearing panel will accept Cyngn's compliance plan or allow the company to continue listing on the Exchange. If the panel grants a compliance period, Cyngn must meet all ongoing listing requirements within that timeframe. Despite the challenges, InvestingPro data shows the company maintains a current ratio of 2.43, indicating sufficient short-term liquidity. Subscribers can access over 30 additional Financial Indicators and exclusive insights about Cyngn's financial health and market position.