Cyngn receives Nasdaq notice over minimum bid price noncompliance

Bitget2026/10/15 20:17

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Cyngn received a Nasdaq noncompliance notice October 14, 2026, because its common stock closed below $1 for 30 consecutive business days.
The notice has no immediate listing impact; the company has 180 calendar days, until April 12, 2027, to regain compliance.
Compliance requires closing bids of at least $1 for 10 consecutive business days; Nasdaq may generally require up to 20.
An additional 180-day extension depends on meeting other listing standards and committing to cure the deficiency, potentially through a reverse stock split.
Failure to qualify for additional time or demonstrate an ability to cure could trigger delisting, subject to appeal.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CYNGN Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-109853), on October 15, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cyngn receives Nasdaq notice over minimum bid price noncompliance

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