Summary by Moomoo AI
The United States Securities and Exchange Commission (SEC) has declared the Form S-1 filed by Cyngn Inc. effective as of April 23, 2024, at 1:00 P.M. The Form S-1 is a registration statement that companies use to register their securities for sale to the public, indicating that Cyngn Inc. may be preparing to offer securities. The effectiveness of the form marks a significant step for Cyngn Inc. in its efforts to raise capital through public investment.
