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Cyngn Secures its 20th U.S. Patent: Adaptive Motion Compensation of Perception Channels
Q2 earnings should be up year over year! Last year earnings came out August 9, two and a half weeks to accumulate!
I’m in! Just the beginning of a massive bull run for Cyngen
#CYN 🔥 low float stock can move BIG! watch this week $CYN
CYN: In truth, the excitement is just now beginning here --- in the PRICE, that is.
Well, that excitement didn't last long. Hopefully we will see another spike.
With more than $1bn in annual sales, Alta Equipment Group joins Cyngn's Dealer Network
Garbage ceo going to add more shares soon watch
Garbage CEO garbage company
Shorts win, shorts win
Offering probably tomorrow....
Do better and chose making $ over ego.
Just short all these little Bio's... especially PBLA ...
God will Punishment you and all your family,
AMAN
Did you love the 12 inc in your dirty a.s last night
Thank you for your understanding....lol .FU!
If RS it will have to finalize / happen prior to,
Oh was it June 25th?..I see... then maybe a couple of weeks after the split is voted in if they do it directly .
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON JUNE 25, 2024
To the Stockholders of Cyngn Inc.:
You are invited to attend the Annual Meeting of Stockholders of Cyngn Inc. which will be held at 12:00 p.m. Eastern Time at the offices of Sichenzia Ross Ference Carmel LLP, 1185 Avenue of the Americas, 31st Floor, New York, NY 10036, on Tuesday June 25, 2024.
At the Annual Meeting, you will be asked to act on the following matters:
1. to elect a Class III director to serve a three-year term expiring at the 2027 annual meeting of stockholders and until such director’s successor is duly elected and qualified;
2. to approve an amendment to our certificate of incorporation to increase the number of shares of authorized common stock from 200,000,000 to 400,000,000;
3. to grant discretionary authority to our board of directors to (i) amend our certificate of incorporation to combine outstanding shares of our common stock into a lesser number of outstanding shares, or a “reverse stock split,” at a specific ratio within a range of one-for-five (1-for-5) to a maximum of a one-for-one hundred (1-for-100) split, with the exact ratio to be determined by our board of directors in its sole discretion; and (ii) effect the reverse stock split, if at all, within one year of the date the proposal is approved by stockholders (the “Reverse Stock Split Proposal”);
4. to approve an amendment to our 2021 Equity Incentive Plan (the “2021 Plan”) to amend the automatic increase “evergreen” clause within the 2021 Plan to increase the number of shares available under the 2021 Plan in future years;
5. to ratify the selection of Marcum LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2024; and
6. to consider and transact such other business as may be properly brought before the Annual Meeting and any adjournments thereof.
So you saying that they are going to blow off the special meeting scheduled July 25th to vote the split and do it next week...they might...PEGY certainly did that it appears to me....their special meeting was supposed to be July 1st and they went ahead and done it as of today.
Cyn has been partnered with Nvda for a longtime. This is old
R/S next week
Reversal time before R/S...that is how the insiders make money. They always make it run before an R/S to recover or to make as much as they can. haha!
I'm out, nice move today..FYI...R/S is coming
https://www.stocktitan.net/news/CYN/
$CYN Appears business is picking up or should I say ticking up
Are we for certain that’s what the meeting is for?
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Website: cyngn.com
Twitter: twitter.com/cyngn
LinkedIn: https://www.linkedin.com/company/cyngn
YouTube: https://www.youtube.com/@cyngnhq
https://www.prnewswire.com/news-releases/cyngn-scales-up-commercialization-of-autonomous-vehicle-solutions-in-first-quarter-2024-302147277.html
https://www.prnewswire.com/news-releases/cyngn-granted-extension-for-continued-listing-on-nasdaq-302067909.html
https://www.vox.com/2017/10/12/16465168/cyanogen-android-cyngn-autonomous-vehicles
https://www.prnewswire.com/news-releases/cyngn-joins-john-deere-supply-base-302123835.html
https://www.cyngn.com/pr/robotlab-orders-initial-fleet-of-10-drivemod-tuggers-joins-cyngn-distributor-network
https://www.cyngn.com/pr/cyngn-completes-initial-drivemod-tugger-deployment-with-rivian
https://www.cyngn.com/pr/customer-renews-contract-as-cyngns-autonomous-vehicles-yield-4x-efficiency-gain
$10 Million Cash NO DEBT! https://www.prnewswire.com/news-releases/cyngn-reports-first-quarter-2024-financial-results-302138805.html
Recent Operating Highlights:
Joined John Deere supply base.
Completed initial DriveMod Tugger deployment with Rivian.
Received a notice of allowance for a 20th U.S. patent (with 19 U.S. patents granted to-date).
RobotLAB joined the Cyngn Distributor Network.
Released first video footage of AI-powered autonomous DriveMod Tugger by Motrec.
Renewed deployment contract with U.S. Continental, achieving 4x gains in efficiency.
Announced that the next-gen DriveMod Kit will harness Nvidia AI computers.
Financial Performance (Q1 2024):
First quarter revenue was $5.5 thousand compared to $872.8 thousand in Q1 2023.
Revenue in Q1 2024 consisted of EAS software subscriptions from DriveMod Stock chaser vehicle deployments.
Total costs and expenses in Q1 2024 were $6.0 million, down from $6.7 million in Q1 2023.
Decrease in G&A expenses due to personnel cost reduction and savings on general office expenses1.
Growth Prospects: Cyngn aims to grow sales with target customers, including Deere, and streamline customer acquisition costs through advancements in mapping and deployment tools1.
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