$Cyngn (CYN.US)$ Cyngn's cashless warrants were exercised at a price of $0.322. The company announced that all outstanding Series B cashless warrants had been fully exercised, with the warrants originally issued in connection with a public offering that closed on December 23, 2024. The exercise price was adjusted to $0.322 after stockholder approval on January 30, 2025. That is why the stock traded at 4 a.m., Feb 11 at $0.3303, and dropped....
$Cyngn (CYN.US)$if anyone wants to read up on $ACON read from Jan 28 when the 355-1 reverse split was announced last minute and took effect Jan 30…insanity
Ashie Boo
OP
TopNavs
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how is it spam? if you read what I posted-which clearly you didnt. You would see that it’s SIMILAR to what hapoened to ACON which is why is posted. feel free to keep scrolling if you’re not interested.
Ashie Boo
OP
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on Jan 28 last minute ACON announced a 335-1 reverse split and the price dropped to .03 per share and when everyone heard reverse split they sold off all of their shares leaving a lot of bag holders. The day of the reverse split the share price ran up over $16 and everyone that was still holding made much much more money cause it was a shorted stock as well like $Cyngn (CYN.US)$ So I think the same might happen here after the reverse split on Tuesday as shorts still have to cover. Hope this helps.
$Cyngn (CYN.US)$this is what happened to$Aclarion (ACON.US)$on Jan 28 last minute for 335-1 reverse split and the price dropped to .03 when everyone heard reverse split-it. The day of the split the share ran up over $16 and everyone made much much more cause it was shorted as well. So the same will happen here I’m sure if it doesn’t happen before the merge.
Ashie Boo
OP
72451596
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Someone was asking if there are partial shares when they do the revers solit if it will be rounded up to 1 share. for example if they have 100 instead of 150 it will be rounded yo to then getting 1 share after the reversal
Ken Griffin Charity
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it’s got nothing to do with the reverse split. that takes place on the 18th. Trading is currently halted for CYN because the nasdaq will soon announce whether they have accepted CYN’s compliance plan. If they reject the plan, then CYN will be delisted soon, probably within 10 days.
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Cyngn Stock Forum
Holding 3900 shares bought at 0.22 Am I screwed?
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