Cyngn Inc., a Delaware corporation, has filed a Registration Statement on Form S-8 with the United States Securities and Exchange Commission (SEC) to register an additional 7,500,000 shares of common stock under its 2021 Incentive Plan. This move follows the previous registration of 19,617,887 shares of common stock for the same plan and the Cyngn Inc. 2013 Equity Incentive Plan. The Registration Statement also includes a Reoffer Prospectus for the resale of shares that may be deemed 'restricted securities' and/or 'control securities' as defined by the Securities Act of 1933. The Reoffer Prospectus covers the resale of up to 11,538,697 shares of common stock by certain executive officers, employees, consultants, and directors. The shares included in the Reoffer Prospectus represent shares issuable to the selling...Show More

Cyngn Inc., a Delaware corporation, has filed a Registration Statement on Form S-8 with the United States Securities and Exchange Commission (SEC) to register an additional 7,500,000 shares of common stock under its 2021 Incentive Plan. This move follows the previous registration of 19,617,887 shares of common stock for the same plan and the Cyngn Inc. 2013 Equity Incentive Plan. The Registration Statement also includes a Reoffer Prospectus for the resale of shares that may be deemed 'restricted securities' and/or 'control securities' as defined by the Securities Act of 1933. The Reoffer Prospectus covers the resale of up to 11,538,697 shares of common stock by certain executive officers, employees, consultants, and directors. The shares included in the Reoffer Prospectus represent shares issuable to the selling stockholders pursuant to equity awards. The resale may occur on Nasdaq or other stock markets, at market prices or negotiated prices, and Cyngn will not receive any proceeds from these sales. The date of the prospectus is January 31, 2024, and the last reported sale price of Cyngn's common stock on January 26, 2024, was $0.2661 per share.