Cyngn faces Nasdaq audit committee compliance shortfall as director resigns
CYN•Cyngn told Nasdaq on October 30, 2026, that Karen Macleod’s resignation will leave its audit committee with two members, below the three-member requirement. The company expects to regain compliance by its next annual stockholder meeting or November 3, 2027, whichever comes first.
1. Committee falls short
Cyngn notified Nasdaq on October 30, 2026, that Karen Macleod’s resignation will leave its audit committee with two members. Nasdaq rules require at least three, including one financially sophisticated member. The company plans to promptly appoint a qualified independent director to its board and audit committee, and expects to regain compliance by the earlier of its next annual stockholder meeting or November 3, 2027.
