Cyngn Inc. told Nasdaq it might be delisted because it will have too few board members.

Oct 30, 2026, 5:44 PM ETRulesRead the original at SEC EDGAR

Bad for CYN

Cyngn will fall short of Nasdaq's audit committee rule when Karen Macleod leaves, creating a board oversight problem. It plans to add a qualified director by its next annual meeting or November 3, 2027, whichever comes first, but has not named one.

CYN · Cyngn Inc.

AI read · Bad for CYN

The AI's read

The committee gap leaves Cyngn needing to restore a required board safeguard. The company plans to add a qualified independent director and has a deadline to do so. Macleod said her choice was not due to a disagreement over company operations, policies, or practices. Still, no replacement has been named, so the unresolved listing-rule issue weighs more heavily.

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