Cyngn Inc. 8-K

What Happened

• Cyngn Inc. announced that its board approved the appointment of Baker Tilly US, LLP as its new independent registered public accounting firm and dismissed its prior auditor, CBIZ CPAs P.C., effective April 3, 2026. The company filed the change in an 8‑K dated April 7, 2026.

Key Details

• Dismissal/Appointment dates: CBIZ dismissed and Baker Tilly appointed on April 3, 2026; 8‑K filed April 7, 2026.
• Disagreements: Cyngn reported no disagreements with CBIZ on accounting principles, financial disclosure, or audit scope for the year ended December 31, 2025 through April 3, 2026.
• Reportable events: No reportable events were identified except the material weaknesses in internal control over financial reporting disclosed in Cyngn’s Form 10‑K for the year ended December 31, 2025 (filed March 27, 2026), relating to ineffective oversight of third parties and lack of technical expertise on a complex accounting transaction.
• Auditor communications: CBIZ was authorized to respond to inquiries from Baker Tilly and provided a letter to the SEC dated April 3, 2026 (filed as Exhibit 16.1) regarding the matters in Item 304 of Regulation S‑K. Cyngn also stated it did not consult Baker Tilly on accounting or auditing matters during the two most recent fiscal years or interim periods prior to the engagement.

Why It Matters

• A change in independent auditor is a material governance event investors watch because it affects who reviews and opines on the company’s financial statements.
• The filing also highlights existing material weaknesses in Cyngn’s internal controls (as disclosed in the 2025 Form 10‑K), a separate but related disclosure that investors should monitor for remediation progress.
• Investors may want to track upcoming SEC filings and Cyngn disclosures for updates on remediation of the control weaknesses and any impact on future audit opinions or financial reporting.