Alta Equipment Group joins Cyngn's Dealer NetworkAlta Equipment Group joins Cyngn's Dealer Network Cyngn plans to continue expanding its Dealer Network by adding more distribution and integration partners in the future. Media Contact: Luke Renner, Head of Marketing [email protected] SOURCE Cyngn This announcement follows two significant milestones for Cyngn: the launch of the DriveMod Tugger and the Cyngn Dealer Network in the fall of 2023. Cyngn has continued to grow its Dealer Network, including the recen ...

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 ...

The Reverse Stock Split is expected to become effective at 5 p.m., Eastern Time, on July 3, 2024. Cyngn expects the Company's Common Stock will begin trading on a post-split basis at the market open on July 5, 2024, under the symbol "CYN" with the new CUSIP number 23257B 206. The primary objective of the Reverse Stock Split is to increase the per share market price of the Common Stock to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Additional i ...

Cyngn Highlights Its Proprietary Computer Vision Advancements with NVIDIA Accelerated Computing Cyngn Highlights Its Proprietary Computer Vision Advancements with NVIDIA Accelerated Computing In collaboration with Arauco, which pre-ordered 100 DriveMod Forklifts last summer, Cyngn leveraged NVIDIA technologies to introduce sophisticated features to advance the capabilities of autonomous machines in industrial settings. The DriveMod Forklift showcases exciting capabilities in computer vision, including enume ...

While achieving the minimum bid price requirement organically is preferred, despite our best efforts, achievement of many commercial milestones and significant progress in 2024, to date, we have not been able to achieve this. Therefore, my recommendation to the Board of Directors and to you, the shareholders of Cyngn, is that we enable the option of the reverse stock split as a potential remedy for regaining the minimum bid compliance before the deadline. Voting to authorize this option is of vital importan ...

MENLO PARK, Calif., May 16, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today shared several commercial and technological accomplishments from the first quarter of 2024, including valuable progress with renowned brands like John Deere and Rivian, the expansion of our distribution network, and key collaborations aimed at advancing our artificial intelligence and robotics technologies. As Cyngn progresses through 2024, the Company remains focused on scaling to capitalize on opport ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number: 001-40932 CYNGN INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...

收入和利润（同比） - 第一季度收入为5.5千美元，相比2023年同期的872.8千美元下降99.4%[7][15] - 净亏损为597万美元，相比2023年同期的562.9万美元扩大6.1%[7][15] - 每股净亏损为0.08美元，基于7710万股加权平均流通股[7][15] 成本和费用（同比） - 总成本和费用为600万美元，相比2023年同期的670万美元下降10.4%[7][15] - 研发费用为315.5万美元，相比2023年同期的303万美元增长4.1%[7][15] - 一般行政费用为270.3万美元，相比2023年同期的307.1万美元下降12.0%[7][15] - 应收账款成本为11.38万美元，相比2023年同期的61.67万美元下降81.5%[7][15] 现金和资本活动 - 现金及短期投资总额为480万美元，相比2023年末的820万美元下降41.5%[7][17] - 完成520万美元的公开发行，获得净收益460万美元[8] 人力资源 - 员工总数从2023年第一季度的73人增加到80人，增长9.6%[7]

MENLO PARK, Calif., May 3, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced the underwriter of its previously announced firm commitment public offering has exercised its over-allotment option to purchase an additional 2,040,000 shares of common stock at a price of $0.10 per share. Total gross proceeds to the Company from the offering, including funds received from the prior c ...

公开发行详情 - Cyngn公司在2024年4月25日宣布完成了公开发行，募集资金达500万美元[1] - Aegis Capital Corp.获得了45天的购买期权，以购买公开发行中15%的股票和预先融资的认股权证[2] - Cyngn公司计划将募集的净收益用于一般企业用途，包括营运资金[3] - Aegis Capital Corp.担任本次发行的唯一包销商，Sichenzia Ross Ference Carmel LLP担任公司的法律顾问[4]