Cyngn Inc.: receives Nasdaq notice for bid price below $1.00

What happened On Oct 14, 2026, Cyngn Inc received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that, because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive business days, the Company no longer meets the minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The notification has no immediate effect on the listing. The Company intends to continue actively monitoring the bid price for its common stock through Apr 12, 2027 and will consider available options to resolve the deficiency and regain compliance.

Key details

• Nasdaq notified the Company on Oct 14, 2026 after the closing bid price was below $1.00 for 30 consecutive business days.
• The Company has 180 calendar days from Oct 14, 2026, or until Apr 12, 2027, to regain compliance with the Minimum Bid Price Requirement.
• If the bid price closes at or above $1.00 per share for a minimum of 10 consecutive business days before Apr 12, 2027, Nasdaq will provide written confirmation of compliance; Nasdaq staff may require up to 20 consecutive business days in its discretion to determine long-term compliance.
• If the Company does not regain compliance by Apr 12, 2027, it may be eligible for an additional 180 calendar days if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market (except the bid price requirement) and provides written notice of its intention to cure, which may include effecting a reverse stock split; otherwise Nasdaq staff may notify the Company that its securities will be subject to delisting, at which time the Company may appeal to a Nasdaq Hearings Panel.

Why it may matter This filing reports Item 3.01: Notice of delisting or failure to satisfy a continued listing rule or standard. That item covers Nasdaq’s notification that the Company does not meet the minimum bid price requirement and sets out the compliance timeline and potential outcomes under Nasdaq rules. A filing does not show why the insider traded or why the company acted.