Cyngn Inc. Receives Nasdaq Delisting Warning for Low Stock Price

Cyngn Inc. has been notified by Nasdaq that it no longer meets the minimum bid price requirement for continued listing, as its common stock's closing bid price has been below $1.00 for 30 consecutive business days. The company has until April 12, 2027, to regain compliance by having its stock price close at or above $1.00 for at least 10 consecutive business days. Cyngn may be granted an additional 180 days if it meets other listing standards and expresses an intent to cure the deficiency, potentially through a reverse stock split. The company is actively monitoring its stock price and considering options to resolve the deficiency.