Cyngn Inc. (Cyngn), a company listed on the Nasdaq under the ticker symbol CYN, has announced a series of significant corporate events. The company has filed a definitive proxy statement (DEF 14A) with the U.S. Securities and Exchange Commission (SEC), indicating its plans for an Annual Meeting of Stockholders scheduled for June 25, 2024. The meeting will take place at the offices of Sichenzia Ross Ference Carmel LLP in New York. During this meeting, stockholders will vote on several key proposals, including the election of a Class III director, amendments to the company's certificate of incorporation to increase authorized common stock from 200 million to 400 million shares, and the authorization of a reverse stock split at a ratio determined by the board...Show More

Cyngn Inc. (Cyngn), a company listed on the Nasdaq under the ticker symbol CYN, has announced a series of significant corporate events. The company has filed a definitive proxy statement (DEF 14A) with the U.S. Securities and Exchange Commission (SEC), indicating its plans for an Annual Meeting of Stockholders scheduled for June 25, 2024. The meeting will take place at the offices of Sichenzia Ross Ference Carmel LLP in New York. During this meeting, stockholders will vote on several key proposals, including the election of a Class III director, amendments to the company's certificate of incorporation to increase authorized common stock from 200 million to 400 million shares, and the authorization of a reverse stock split at a ratio determined by the board within a specified range. Additionally, stockholders will vote on amendments to Cyngn's 2021 Equity Incentive Plan and the ratification of Marcum LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2024. These actions are subject to stockholder approval, and the company has outlined the potential benefits and implications of each proposal, including the aim to increase the per-share price of Cyngn's common stock and to enhance liquidity and marketability.