Cyngn Announces Reverse Stock Split
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Cyngn Inc. has announced a 1-for-150 reverse stock split of its common stock, following approval by its Board of Directors.
February 13, 2025 | 12:15 pm
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Cyngn Inc. has announced a 1-for-150 reverse stock split of its common stock, which has been approved by its Board of Directors.
Reverse stock splits are often perceived negatively by investors as they can indicate a company is trying to boost its stock price artificially, often due to compliance issues with stock exchange listing requirements. This could lead to a short-term decrease in stock price as investors react to the news.
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