Cyngn Regains Nasdaq Compliance
Cyngn Inc. (Nasdaq: CYN) has successfully regained compliance with Nasdaq Capital Market's minimum bid price requirement of $1.00 per share. The company's common stock will continue to be listed and traded on Nasdaq.
CEO Lior Tal expressed satisfaction with meeting Nasdaq's listing requirements, emphasizing the company's commitment to strong corporate governance and shareholder value creation. Cyngn maintains its focus on developing autonomous driving technology for industrial and commercial applications while pursuing strategic initiatives in the sector.
Cyngn Inc. (Nasdaq: CYN) ha ripristinato con successo la conformità con il requisito di prezzo minimo delle azioni del Nasdaq Capital Market di $1,00 per azione. Le azioni ordinarie dell'azienda continueranno a essere quotate e scambiate su Nasdaq.
Il CEO Lior Tal ha espresso soddisfazione per aver soddisfatto i requisiti di quotazione del Nasdaq, sottolineando l'impegno dell'azienda per una solida governance aziendale e la creazione di valore per gli azionisti. Cyngn mantiene il suo focus nello sviluppo della tecnologia di guida autonoma per applicazioni industriali e commerciali, perseguendo al contempo iniziative strategiche nel settore.
Cyngn Inc. (Nasdaq: CYN) ha recuperado con éxito el cumplimiento del requisito de precio mínimo de oferta del Nasdaq Capital Market de $1.00 por acción. Las acciones ordinarias de la compañía seguirán cotizando y negociándose en Nasdaq.
El CEO Lior Tal expresó su satisfacción por cumplir con los requisitos de cotización de Nasdaq, enfatizando el compromiso de la empresa con una sólida gobernanza corporativa y la creación de valor para los accionistas. Cyngn mantiene su enfoque en el desarrollo de tecnología de conducción autónoma para aplicaciones industriales y comerciales, mientras persigue iniciativas estratégicas en el sector.
Cyngn Inc. (Nasdaq: CYN)은 Nasdaq 자본 시장의 최소 주가 요건인 $1.00 per 주식을 성공적으로 회복했습니다. 회사의 보통주는 Nasdaq에서 계속 상장되고 거래될 것입니다.
CEO 리오르 탈은 Nasdaq의 상장 요건을 충족한 것에 대한 만족감을 표명하며, 회사의 강력한 기업 거버넌스와 주주 가치 창출에 대한 헌신을 강조했습니다. Cyngn은 산업 및 상업적 응용을 위한 자율 주행 기술 개발에 집중하는 한편, 이 분야에서 전략적 이니셔티브를 추구하고 있습니다.
Cyngn Inc. (Nasdaq: CYN) a réussi à rétablir sa conformité avec l'exigence de prix minimum de l'offre du Nasdaq Capital Market de $1,00 par action. Les actions ordinaires de la société continueront d'être cotées et échangées sur le Nasdaq.
Le PDG Lior Tal a exprimé sa satisfaction d'avoir respecté les exigences de cotation du Nasdaq, soulignant l'engagement de l'entreprise envers une gouvernance d'entreprise solide et la création de valeur pour les actionnaires. Cyngn maintient son attention sur le développement de technologies de conduite autonome pour des applications industrielles et commerciales, tout en poursuivant des initiatives stratégiques dans le secteur.
Cyngn Inc. (Nasdaq: CYN) hat erfolgreich die Einhaltung der Mindestanforderung für den Angebotspreis des Nasdaq Capital Market von $1,00 pro Aktie wiederhergestellt. Die Stammaktien des Unternehmens werden weiterhin an der Nasdaq gelistet und gehandelt.
CEO Lior Tal äußerte Zufriedenheit über die Erfüllung der Listing-Anforderungen von Nasdaq und betonte das Engagement des Unternehmens für eine starke Unternehmensführung und die Schaffung von Aktionärswerten. Cyngn konzentriert sich darauf, autonome Fahrtechnologie für industrielle und kommerzielle Anwendungen zu entwickeln, während es strategische Initiativen im Sektor verfolgt.
- Regained Nasdaq listing compliance, ensuring continued trading on major exchange
- Maintained $1.00 minimum share price requirement
- Previous non-compliance with Nasdaq requirements indicates recent stock price weakness
"We are pleased to have met Nasdaq's listing requirements once again," said Lior Tal, CEO of Cyngn. "Maintaining compliance reflects our commitment to strong corporate governance and reinforces our dedication to creating long-term value for our shareholders. Cyngn remains focused on advancing its autonomous driving technology for industrial and commercial applications. The company looks forward to executing its strategic initiatives and continuing to drive innovation in the sector."
About Cyngn
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 for eCommerce.
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'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). For all terms referenced within, please refer to the Company's annual report on Form 10-K with the SEC filed on March 6, 2025.
Where to find Cyngn:
- Website: https://cyngn.com
- X: https://x.com/cyngn
- LinkedIn: https://www.linkedin.com/company/cyngn
- YouTube: https://www.youtube.com/@cyngnhq
Investor Contact:
Donald Alvarez, CFO
investors@cyngn.com
Media Contact:
Luke Renner, Head of Marketing
media@cyngn.com
Forward-Looking Statements
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 Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 6, 2025. 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/cyngn-regains-nasdaq-compliance-302400806.html
SOURCE Cyngn
FAQ
What does Cyngn's (CYN) Nasdaq compliance mean for investors?
How did Cyngn (CYN) regain Nasdaq compliance in March 2025?
What is Cyngn's (CYN) current business focus after regaining Nasdaq compliance?
What were the Nasdaq listing requirements that Cyngn (CYN) had to meet?
