Cyngn (CYN) has released an update.
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Cyngn Inc. has been struggling with Nasdaq listing requirements, as its stock price remained below $1 for over 30 consecutive days. However, the company has just received a crucial extension of 180 days, until August 19, 2024, to meet the minimum bid price requirement and avoid being delisted. The company must now maintain a stock price of $1 for at least 10 consecutive business days within this period to remain on the Nasdaq Capital Market.
For further insights into CYN stock, check out TipRanks’ Stock Analysis page.