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Cyngn | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Redpoint Ventures IV, LLC(3.6%),Redpoint Ventures IV, L.P.(3.5%), etc.

SEC announcement ·  Feb 15 05:26
Summary by Futu AI
Redpoint Ventures IV, L.P., Redpoint Associates IV, LLC, and Redpoint Ventures IV, LLC, collectively referred to as the Reporting Persons, have filed an amended Schedule 13G with the Securities and Exchange Commission on February 14, 2024, indicating a change in their holdings of Cyngn Inc. common stock. As of December 31, 2023, the Reporting Persons collectively own 2,710,237 shares, which represents 3.6% of the company's class of common stock. This filing reflects a decrease in ownership, as the Reporting Persons now report owning less than five percent of Cyngn Inc.'s outstanding common stock. The shares are under the shared voting and dispositive power of the Reporting Persons, with RV IV LLC having the power to direct the voting and disposition of the shares owned by RV IV. The ownership percentages are based on 75,140,356 shares of common stock outstanding as of December 12, 2023, as reported in Cyngn Inc.'s Prospectus filed with the SEC.
Redpoint Ventures IV, L.P., Redpoint Associates IV, LLC, and Redpoint Ventures IV, LLC, collectively referred to as the Reporting Persons, have filed an amended Schedule 13G with the Securities and Exchange Commission on February 14, 2024, indicating a change in their holdings of Cyngn Inc. common stock. As of December 31, 2023, the Reporting Persons collectively own 2,710,237 shares, which represents 3.6% of the company's class of common stock. This filing reflects a decrease in ownership, as the Reporting Persons now report owning less than five percent of Cyngn Inc.'s outstanding common stock. The shares are under the shared voting and dispositive power of the Reporting Persons, with RV IV LLC having the power to direct the voting and disposition of the shares owned by RV IV. The ownership percentages are based on 75,140,356 shares of common stock outstanding as of December 12, 2023, as reported in Cyngn Inc.'s Prospectus filed with the SEC.
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