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Cyngn | PRE 14A: Preliminary proxy statements relating to merger or acquisition

Cyngn | PRE 14A: Preliminary proxy statements relating to merger or acquisition

Cyngn | PRE 14A:并购重组委托声明
美股SEC公告 ·  12/23 17:21

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Cyngn Inc. has scheduled a Special Meeting of Stockholders for January 30, 2025, to vote on four key proposals. The company seeks approval to increase authorized common stock from 200 million to 400 million shares and grant the board discretion to implement a reverse stock split at a ratio between 1-for-5 and 1-for-150 within one year.Additionally, shareholders will vote on authorizing the issuance of warrants and underlying shares from a December 23, 2024 offering, in compliance with Nasdaq rules. The proposal includes lowering the warrant floor price from $0.805 to $0.322 and approving certain adjustment provisions.The board recommends approval of all proposals, including potential meeting adjournments to solicit additional proxies if needed. These measures aim to provide Cyngn with greater financial flexibility and ensure continued Nasdaq listing compliance.
Cyngn Inc. has scheduled a Special Meeting of Stockholders for January 30, 2025, to vote on four key proposals. The company seeks approval to increase authorized common stock from 200 million to 400 million shares and grant the board discretion to implement a reverse stock split at a ratio between 1-for-5 and 1-for-150 within one year.Additionally, shareholders will vote on authorizing the issuance of warrants and underlying shares from a December 23, 2024 offering, in compliance with Nasdaq rules. The proposal includes lowering the warrant floor price from $0.805 to $0.322 and approving certain adjustment provisions.The board recommends approval of all proposals, including potential meeting adjournments to solicit additional proxies if needed. These measures aim to provide Cyngn with greater financial flexibility and ensure continued Nasdaq listing compliance.
Cyngn Inc.已定于2025年1月30日召开股东特别会议,以投票表决四项关键提案。该公司 seeks approval to increase authorized common stock from 20000万 to 40000万 shares 和授权董事会在一年内按1:5至1:150的比例实施反向股票拆分。此外,股东将投票授权在2024年12月23日的发行中发放Warrants和基础股票,以符合纳斯达克的规则。该提案包括将Warrant的地板价格从0.805美元降低到0.322美元,并批准某些调整条款。董事会建议批准所有提案,包括在必要时进行会议休会以征集更多代理投票。这些措施旨在为Cyngn提供更大的财务灵活性,并确保持续符合纳斯达克上市的要求。
Cyngn Inc.已定于2025年1月30日召开股东特别会议,以投票表决四项关键提案。该公司 seeks approval to increase authorized common stock from 20000万 to 40000万 shares 和授权董事会在一年内按1:5至1:150的比例实施反向股票拆分。此外,股东将投票授权在2024年12月23日的发行中发放Warrants和基础股票,以符合纳斯达克的规则。该提案包括将Warrant的地板价格从0.805美元降低到0.322美元,并批准某些调整条款。董事会建议批准所有提案,包括在必要时进行会议休会以征集更多代理投票。这些措施旨在为Cyngn提供更大的财务灵活性,并确保持续符合纳斯达克上市的要求。
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