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Cyngn: Cyngn Inc. - Reverse Split Option Symbol: CYN New Symbol: CYN1

Cyngn: Cyngn Inc. - Reverse Split Option Symbol: CYN New Symbol: CYN1

Cyngn：Cyngn公司-反向拆股选项标的: CYN 新标的: CYN1
OCC期权清算公司 ·  07/03 10:56
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Cyngn Inc. (CYN), a technology company, has announced a reverse stock split that is scheduled to take effect before the market opens on July 5, 2024. The reverse split will be conducted at a ratio of 1-for-100, meaning that each common share of Cyngn will be converted into the right to receive 0.01 new common shares of the company. Following the reverse split, the option symbol for Cyngn will change from CYN to CYN1. The new CUSIP number for Cyngn will be 23257B206. The pricing for the new CYN1 will be determined by multiplying the old CYN price by 0.01. This corporate event will result in adjustments to the contract multiplier, strike divisor, and the deliverable per contract for options and futures, as per the rules of the Options Clearing Corporation (OCC).
Cyngn Inc. (CYN), a technology company, has announced a reverse stock split that is scheduled to take effect before the market opens on July 5, 2024. The reverse split will be conducted at a ratio of 1-for-100, meaning that each common share of Cyngn will be converted into the right to receive 0.01 new common shares of the company. Following the reverse split, the option symbol for Cyngn will change from CYN to CYN1. The new CUSIP number for Cyngn will be 23257B206. The pricing for the new CYN1 will be determined by multiplying the old CYN price by 0.01. This corporate event will result in adjustments to the contract multiplier, strike divisor, and the deliverable per contract for options and futures, as per the rules of the Options Clearing Corporation (OCC).
科技公司Cyngn Inc.（CYN）宣布将进行股票逆向拆分，计划在2024年7月5日开盘前生效。逆向拆分比率为1比100，这意味着每一股Cyngn普通股将转换为获得公司0.01新普通股的权利。在逆向拆分之后，Cyngn的期权交易代码将从CYN更改为CYN1。Cyngn的新CUSIP编号为23257B206。新的CYN1定价将通过将旧的CYN价格乘以0.01来确定。此次公司事件将根据Options Clearing Corporation（OCC）的规则导致期权和期货的合约乘数、行权价格调整以及每个合约的可交割品种的调整。
科技公司Cyngn Inc.（CYN）宣布将进行股票逆向拆分，计划在2024年7月5日开盘前生效。逆向拆分比率为1比100，这意味着每一股Cyngn普通股将转换为获得公司0.01新普通股的权利。在逆向拆分之后，Cyngn的期权交易代码将从CYN更改为CYN1。Cyngn的新CUSIP编号为23257B206。新的CYN1定价将通过将旧的CYN价格乘以0.01来确定。此次公司事件将根据Options Clearing Corporation（OCC）的规则导致期权和期货的合约乘数、行权价格调整以及每个合约的可交割品种的调整。
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