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Cyngn Inc., a developer of autonomous vehicle technology, announced on February 21, 2024, that it has received a 180-day extension from Nasdaq to regain compliance with the exchange's minimum bid price requirement. The company's stock had previously fallen below the $1.00 minimum bid price for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). The initial compliance period was set to expire on February 20, 2024, but with the extension, Cyngn now has until August 19, 2024, to meet the requirement. The company must maintain a minimum bid price of $1.00 per share for at least 10 consecutive business days to remain listed on the Nasdaq Capital Market. Failure to achieve compliance within the extended timeframe could lead to delisting, although Cyngn would have the opportunity to appeal. The announcement was made through a press release, which also highlighted Cyngn's commitment to addressing the compliance issue and its ongoing efforts to maximize shareholder value.
Cyngn Inc., a developer of autonomous vehicle technology, announced on February 21, 2024, that it has received a 180-day extension from Nasdaq to regain compliance with the exchange's minimum bid price requirement. The company's stock had previously fallen below the $1.00 minimum bid price for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). The initial compliance period was set to expire on February 20, 2024, but with the extension, Cyngn now has until August 19, 2024, to meet the requirement. The company must maintain a minimum bid price of $1.00 per share for at least 10 consecutive business days to remain listed on the Nasdaq Capital Market. Failure to achieve compliance within the extended timeframe could lead to delisting, although Cyngn would have the opportunity to appeal. The announcement was made through a press release, which also highlighted Cyngn's commitment to addressing the compliance issue and its ongoing efforts to maximize shareholder value.
自動駕駛汽車技術開發商Cyngn Inc. 於2024年2月21日宣佈，它已獲得納斯達克的180天延期，以重新遵守該交易所的最低出價要求。該公司的股票此前已連續30個工作日跌破1.00美元的最低出價，違反了納斯達克上市規則5550（a）（2）。最初的合規期定於2024年2月20日到期，但隨着時間的延長，Cyngn現在必須在2024年8月19日之前滿足該要求。該公司必須至少連續10個工作日將每股1.00美元的最低出價維持在納斯達克資本市場上市。儘管Cyngn有機會提出上訴，但未能在延長的期限內實現合規可能導致除名。該公告是通過新聞稿發佈的，該新聞稿還強調了Cyngn對解決合規問題的承諾以及爲實現股東價值最大化所做的持續努力。
自動駕駛汽車技術開發商Cyngn Inc. 於2024年2月21日宣佈，它已獲得納斯達克的180天延期，以重新遵守該交易所的最低出價要求。該公司的股票此前已連續30個工作日跌破1.00美元的最低出價，違反了納斯達克上市規則5550（a）（2）。最初的合規期定於2024年2月20日到期，但隨着時間的延長，Cyngn現在必須在2024年8月19日之前滿足該要求。該公司必須至少連續10個工作日將每股1.00美元的最低出價維持在納斯達克資本市場上市。儘管Cyngn有機會提出上訴，但未能在延長的期限內實現合規可能導致除名。該公告是通過新聞稿發佈的，該新聞稿還強調了Cyngn對解決合規問題的承諾以及爲實現股東價值最大化所做的持續努力。
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