Cyngn Inc. 13G Filing Shows Empery Asset Management, LP Reported A 9.99% Stake In The co As Of December 31, 2023
Portfolio Pulse from Benzinga Newsdesk
Empery Asset Management, LP has disclosed a 9.99% ownership stake in Cyngn Inc. as of December 31, 2023, according to a recent 13G filing with the SEC.
January 10, 2024 | 2:09 pm
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Empery Asset Management, LP reported a 9.99% stake in Cyngn Inc. as per the latest 13G SEC filing.
The disclosure of a significant stake by an investment firm typically indicates a strong belief in the company's future prospects and can be viewed positively by the market. This may lead to increased investor interest and potentially a short-term rise in Cyngn Inc.'s stock price.
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