Cyngn Inc (CYN) Stock Split History

Cyngn Inc has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on October 20, 2023 with the ratio of 11-for-10, meaning that for 10 shares of CYN owned pre-split, shareholders then owned 11 shares. The most recent stock split took place on July 05, 2024 on a 1-for-100 basis.

These actions have increased CYN stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Cyngn Inc's total market capitalization.

For more detailed information of Cyngn Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Cyngn Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when CYN stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Cyngn Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.