11:06 AM EDT, 07/22/2024 (MT Newswires) -- Cyngn ( CYN ) said Monday it regained compliance with the Nasdaq's $1 per-share minimum bid price rule for continued listing on the exchange.

The company also said it won't increase the number of authorized shares outstanding despite getting investor approval for the boost.

Shares of Cyngn ( CYN ) rose 3.9% in recent trading Monday, paring earlier gains.

Price: 6.08, Change: +0.23, Percent Change: +3.93