Summary by Moomoo AI
On September 30, 2024, an amendment to Schedule 13G was filed with the SEC by Andreessen Horowitz Fund III, L.P. (AH III), along with its related entities and individuals, collectively known as the Reporting Persons, regarding their ownership in Cyngn Inc. The filing indicates that AH III, for itself and as nominee for its affiliated funds, and its general partner AH Equity Partners III, L.L.C., as well as managing members Marc Andreessen and Benjamin Horowitz, collectively own 57,584 shares of Cyngn Inc. This represents 2.8% of the company's common stock, based on 2,026,533 shares outstanding as of August 7, 2024. The Reporting Persons have shared voting and dispositive power over these shares. The filing also notes that as of the date of the filing, the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities.
