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Cyngn | SC 13G: Statement of acquisition of beneficial ownership by individuals

SEC announcement ·  Jan 4 13:00
Summary by Futu AI
On December 31, 2023, a Schedule 13G was filed with the United States Securities and Exchange Commission by Sabby Volatility Warrant Master Fund, Ltd., Sabby Management, LLC, and Hal Mintz, indicating a significant stake in Cyngn Inc. The filing reveals that each of the reporting persons beneficially owns 5,322,048 shares of Cyngn's common stock, which represents 9.99% of the company's class of securities. The entities involved are organized under the laws of the Cayman Islands and Delaware, USA, with Hal Mintz being a citizen of the USA. The shares reported are held with shared voting and dispositive power, but none of the reporting persons has sole voting or dispositive power over the shares. The filing, dated January 4, 2024, states that the shares were not acquired for the purpose of changing or influencing the control of Cyngn Inc, nor in connection with any transaction having such purpose or effect.
On December 31, 2023, a Schedule 13G was filed with the United States Securities and Exchange Commission by Sabby Volatility Warrant Master Fund, Ltd., Sabby Management, LLC, and Hal Mintz, indicating a significant stake in Cyngn Inc. The filing reveals that each of the reporting persons beneficially owns 5,322,048 shares of Cyngn's common stock, which represents 9.99% of the company's class of securities. The entities involved are organized under the laws of the Cayman Islands and Delaware, USA, with Hal Mintz being a citizen of the USA. The shares reported are held with shared voting and dispositive power, but none of the reporting persons has sole voting or dispositive power over the shares. The filing, dated January 4, 2024, states that the shares were not acquired for the purpose of changing or influencing the control of Cyngn Inc, nor in connection with any transaction having such purpose or effect.
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