Cyngn Regains Nasdaq Compliance and Confirms No Increase in Authorized Shares
Cyngn Regains Nasdaq Compliance and Confirms No Increase in Authorized Shares
MENLO PARK, Calif., July 22, 2024 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) (or the "Company") announced today that it has received a notice from Nasdaq confirming that the Company has regained compliance with the Nasdaq's Capital Market's minimum bid price requirement of $1.00 per share. The notice from Nasdaq indicates that the Company is in compliance with the Nasdaq Capital Market's listing requirements and the Company's common stock will continue to be listed and traded on Nasdaq.
加州門洛帕克,2024年7月22日 /美通社/-- Cyngn公司(納斯達克:CYN)(以下簡稱“公司”)今天宣佈,已收到納斯達克的通知,確認公司已恢復納斯達克資本市場的股票最低買盤價格要求爲每股1美元。納斯達克的通知表明,公司符合納斯達克資本市場的上市要求,公司的普通股將繼續在納斯達克上市交易。
In addition to achieving compliance with NASDAQ's listing standards, Cyngn confirms that despite recently receiving approval from shareholders to increase authorized shares outstanding, the Company has chosen not to proceed with this authorization at this time. This decision reflects Cyngn's strategy to maintain a disciplined approach to capital structure and shareholder dilution.
除了達到納斯達克的上市標準,Cyngn還確認儘管最近獲得股東批准增加授權流通股,但公司目前選擇不繼續進行此項授權。這一決定反映了Cyngn維持資本結構和股東稀釋紀律性方法的策略。
"We are pleased to have regained compliance with Nasdaq's listing standards," said Lior Tal, CEO of Cyngn. "We are committed to maintaining the trust and confidence of our shareholders so that we can continue to focus on our strategic objectives and delivering value to our shareholders.
"我們很高興恢復了納斯達克的上市標準,"Cyngn的CEO Lior Tal 說:"我們致力於保持股東的信任並信心,這樣我們就可以繼續專注於我們的戰略目標併爲股東創造價值。"
Cyngn remains dedicated to advancing its mission of developing cutting-edge autonomous driving technology for industrial and commercial applications. The company looks forward to continued progress and delivering value to its shareholders.
Cyngn仍致力於推進其開發面向工業和商業應用的尖端自動駕駛技術的使命。該公司期待持續進展併爲股東創造價值。
Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow existing workforces to increase productivity and efficiency. The Company addresses significant challenges facing industrial organizations today, such as labor shortages, costly safety incidents, and increased consumer demand from eCommerce.
Cyngn開發和部署面向工業組織的可擴展、差異化的自動駕駛車輛技術。Cyngn的自動駕駛解決方案允許現有的工作力提高生產率和效率。該公司解決了當前工業組織面臨的重大挑戰,如勞動力短缺、昂貴的安全事故和來自電子商務的增加的消費者需求。
Cyngn's DriveMod Kit can be installed on new industrial vehicles at end of line or via retrofit, empowering customers to seamlessly adopt self-driving technology into their operations without high upfront costs or the need to completely replace existing vehicle investments.
Cyngn的DriveModKit可通過最終線或翻新程序安裝在新的工業車輛上,使客戶能夠無需高額前期成本或完全替換現有車輛投資就能無縫地採用自駕技術進行操作。
Cyngn's flagship product, its Enterprise Autonomy Suite, includes DriveMod (autonomous vehicle system), Cyngn Insight (customer-facing suite of AV fleet management, teleoperation, and analytics tools), and Cyngn Evolve (internal toolkit that enables Cyngn to leverage data from the field for artificial intelligence, simulation, and modeling).
Cyngn出品源自美國,所有發佈內容均附有中英雙語版,更多內容請關注Cyngn中文網。
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Investor Contact:
Don Alvarez
investors@cyngn.com
投資者聯繫人:
唐·阿爾瓦雷斯
investors@cyngn.com
Media Contact
Luke Renner
media@cyngn.com
媒體聯繫人
盧克·倫納
media@cyngn.com
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the SEC, including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 7, 2024. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
本新聞稿包含根據1995年《私人證券訴訟改革法案》、1933年修訂版證券法第27A條和1934年修訂版證券交易法第21E條所涵蓋的前瞻性陳述,任何非歷史性質的陳述都可能被視爲前瞻性陳述,並可通過使用如“預計”、“預測”、“相信”、“將要”、“可能會導致”、“將繼續”、“計劃”、“潛在”、“有前途”等詞語和短語進行識別。這些陳述基於管理層的當前預期和信念,且受到許多可能導致實際結果與前瞻性陳述所描述的不一致的風險、不確定性和假設的影響,其中包括從時間到時間在SEC的報告中描述的風險因素,包括但不限於在2024年3月7日向SEC提交的公司年報中討論的風險因素。讀者應當注意,無法預測或確定所有可能會影響未來結果的風險、不確定性和其他因素。沒有前瞻性陳述能夠得到保證,實際結果可能與預計不符。Cyngn不承擔公開更新任何前瞻性陳述的義務,無論是基於新信息、未來事件還是其他方面。
SOURCE Cyngn
消息來源Cyngn