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Cyngn Inc., a Delaware corporation, has filed a Registration Statement on Form S-8 with the United States Securities and Exchange Commission (SEC) to register an additional 7,500,000 shares of common stock under its 2021 Incentive Plan. This move follows the previous registration of 19,617,887 shares of common stock for the same plan and the Cyngn Inc. 2013 Equity Incentive Plan. The Registration Statement also includes a Reoffer Prospectus for the resale of shares that may be deemed 'restricted securities' and/or 'control securities' as defined by the Securities Act of 1933. The Reoffer Prospectus covers the resale of up to 11,538,697 shares of common stock by certain executive officers, employees, consultants, and directors. The shares included in the Reoffer Prospectus represent shares issuable to the selling...Show More
Cyngn Inc., a Delaware corporation, has filed a Registration Statement on Form S-8 with the United States Securities and Exchange Commission (SEC) to register an additional 7,500,000 shares of common stock under its 2021 Incentive Plan. This move follows the previous registration of 19,617,887 shares of common stock for the same plan and the Cyngn Inc. 2013 Equity Incentive Plan. The Registration Statement also includes a Reoffer Prospectus for the resale of shares that may be deemed 'restricted securities' and/or 'control securities' as defined by the Securities Act of 1933. The Reoffer Prospectus covers the resale of up to 11,538,697 shares of common stock by certain executive officers, employees, consultants, and directors. The shares included in the Reoffer Prospectus represent shares issuable to the selling stockholders pursuant to equity awards. The resale may occur on Nasdaq or other stock markets, at market prices or negotiated prices, and Cyngn will not receive any proceeds from these sales. The date of the prospectus is January 31, 2024, and the last reported sale price of Cyngn's common stock on January 26, 2024, was $0.2661 per share.
特拉華州的一家公司Cyngn Inc. 已向美國證券交易委員會（SEC）提交了S-8表格的註冊聲明，要求根據其2021年激勵計劃再註冊7,500,000股普通股。此舉是在此前爲同一計劃和Cyngn Inc. 2013年股權激勵計劃註冊19,617,887股普通股之後採取的。註冊聲明還包括轉售股票的再要約招股說明書，根據1933年《證券法》的定義，這些股票可能被視爲 “限制性證券” 和/或 “控制證券”。再要約招股說明書涵蓋某些執行官、員工、顧問和董事轉售多達11,538,697股普通股。再要約招股說明書中包含的股票是根據股權獎勵向賣出股東發行的股票。轉售可能在納斯達克或其他股票市場上以市場價格或協議價格進行，Cyngn不會從這些銷售中獲得任何收益。招股說明書的發佈日期爲2024年1月31日，Cyngn普通股最後一次公佈的銷售價格爲2024年1月26日每股0.2661美元。
特拉華州的一家公司Cyngn Inc. 已向美國證券交易委員會（SEC）提交了S-8表格的註冊聲明，要求根據其2021年激勵計劃再註冊7,500,000股普通股。此舉是在此前爲同一計劃和Cyngn Inc. 2013年股權激勵計劃註冊19,617,887股普通股之後採取的。註冊聲明還包括轉售股票的再要約招股說明書，根據1933年《證券法》的定義，這些股票可能被視爲 “限制性證券” 和/或 “控制證券”。再要約招股說明書涵蓋某些執行官、員工、顧問和董事轉售多達11,538,697股普通股。再要約招股說明書中包含的股票是根據股權獎勵向賣出股東發行的股票。轉售可能在納斯達克或其他股票市場上以市場價格或協議價格進行，Cyngn不會從這些銷售中獲得任何收益。招股說明書的發佈日期爲2024年1月31日，Cyngn普通股最後一次公佈的銷售價格爲2024年1月26日每股0.2661美元。
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