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It's just my point of view.
If the CEO's mention of a merger back in January holds true, then it's possible a merger will occur. A merger typically boosts the stock price and enhances the company's value. In such a scenario, a reverse split wouldn't even be necessary.
Recent Operating Highlights:
Joined John Deere supply base.
Completed initial DriveMod Tugger deployment with Rivian.
Received a notice of allowance for a 20th U.S. patent (with 19 U.S. patents granted to-date).
RobotLAB joined the Cyngn Distributor Network.
Released first video footage of AI-powered autonomous DriveMod Tugger by Motrec.
Renewed deployment contract with U.S. Continental, achieving 4x gains in efficiency.
Announced that the next-gen DriveMod Kit will harness Nvidia AI computers.
Financial Performance (Q1 2024):
First quarter revenue was $5.5 thousand compared to $872.8 thousand in Q1 2023.
Revenue in Q1 2024 consisted of EAS software subscriptions from DriveMod Stock chaser vehicle deployments.
Total costs and expenses in Q1 2024 were $6.0 million, down from $6.7 million in Q1 2023.
Decrease in G&A expenses due to personnel cost reduction and savings on general office expenses1.
Growth Prospects: Cyngn aims to grow sales with target customers, including Deere, and streamline customer acquisition costs through advancements in mapping and deployment tools1.
Looks like the company doesn’t want to do a R/S unless it’s absolutely necessary. Once approved, R/S within one year of approval unless the price goes back over $1 or Buyout 
Good catch. If and within one year of the date. Your thought?
to grant discretionary authority to our board of directors to (i) amend our certificate of incorporation to combine outstanding shares of our common stock into a lesser number of outstanding shares, or a “reverse stock split,” at a specific ratio within a range of one-for-five (1-for-5) to a maximum of a one-for-one hundred (1-for-100) split, with the exact ratio to be determined by our board of directors in its sole discretion; and (ii) effect the reverse stock split, if at all, within one year of the date the proposal is approved by stockholders (the “Reverse Stock Split Proposal”);
$CYN People SOLD because of the 8-K are misunderstanding the purpose of the 8-K filing; it's not about the CFO being let go. Rather, the CFO seeks to secure a severance package in case of upcoming BO-MERGER changes.
8-K! This isn't just any news—it's FANTASTIC AWESOME NEWS! The filing of an 8-K suggests that significant transformation is on the horizon.
15k mo’ & Don Julio to the rescue
GLTUsBoth & w/ over 200k+ added today I’ll Roll the Dice
based on my gut yet will be happy for some luck as either will work
.15 breakout again
.14 Consolidation is now ready for the run again.
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Website: cyngn.com
Twitter: twitter.com/cyngn
LinkedIn: https://www.linkedin.com/company/cyngn
YouTube: https://www.youtube.com/@cyngnhq
https://www.prnewswire.com/news-releases/cyngn-scales-up-commercialization-of-autonomous-vehicle-solutions-in-first-quarter-2024-302147277.html
https://www.prnewswire.com/news-releases/cyngn-granted-extension-for-continued-listing-on-nasdaq-302067909.html
https://www.vox.com/2017/10/12/16465168/cyanogen-android-cyngn-autonomous-vehicles
https://www.prnewswire.com/news-releases/cyngn-joins-john-deere-supply-base-302123835.html
https://www.cyngn.com/pr/robotlab-orders-initial-fleet-of-10-drivemod-tuggers-joins-cyngn-distributor-network
https://www.cyngn.com/pr/cyngn-completes-initial-drivemod-tugger-deployment-with-rivian
https://www.cyngn.com/pr/customer-renews-contract-as-cyngns-autonomous-vehicles-yield-4x-efficiency-gain
$10 Million Cash NO DEBT! https://www.prnewswire.com/news-releases/cyngn-reports-first-quarter-2024-financial-results-302138805.html
Recent Operating Highlights:
Joined John Deere supply base.
Completed initial DriveMod Tugger deployment with Rivian.
Received a notice of allowance for a 20th U.S. patent (with 19 U.S. patents granted to-date).
RobotLAB joined the Cyngn Distributor Network.
Released first video footage of AI-powered autonomous DriveMod Tugger by Motrec.
Renewed deployment contract with U.S. Continental, achieving 4x gains in efficiency.
Announced that the next-gen DriveMod Kit will harness Nvidia AI computers.
Financial Performance (Q1 2024):
First quarter revenue was $5.5 thousand compared to $872.8 thousand in Q1 2023.
Revenue in Q1 2024 consisted of EAS software subscriptions from DriveMod Stock chaser vehicle deployments.
Total costs and expenses in Q1 2024 were $6.0 million, down from $6.7 million in Q1 2023.
Decrease in G&A expenses due to personnel cost reduction and savings on general office expenses1.
Growth Prospects: Cyngn aims to grow sales with target customers, including Deere, and streamline customer acquisition costs through advancements in mapping and deployment tools1.
