SCHEDULE: Empery Asset Management Exits Cyngn Inc. Stake
Beneficial Ownership Amendment
Empery Asset Management and its managing members report zero beneficial ownership in Cyngn Inc. common stock.
Summary
- Empery Asset Management, LP, Ryan M. Lane, and Martin D. Hoe (collectively, "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G.
- The filing indicates that the Reporting Persons no longer beneficially own any shares of Cyngn Inc. common stock.
- Their aggregate beneficial ownership is reported as 0 shares, representing 0% of the class.
- This percentage is calculated based on 7,039,266 shares of Common Stock outstanding as of August 7, 2025, as reported by Cyngn Inc. in its Form 10-Q.
- The event requiring this filing, which signifies the disposition of their holdings, occurred on September 30, 2025.
Sentiment
Score: 3
Explanation: The complete divestment by an institutional investor typically signals a lack of confidence, which is a negative indicator for the company's stock performance.
Negatives
- A significant institutional investor, Empery Asset Management, has fully exited its position in Cyngn Inc.
- The complete divestment by a professional investment manager could be perceived negatively by the market, potentially signaling a lack of confidence in the company's future prospects.
Risks
- Investor sentiment risk: The complete divestment by an institutional investor like Empery Asset Management could negatively impact market perception and investor confidence in Cyngn Inc.
- Share price volatility: Such a significant change in institutional ownership might contribute to increased volatility in Cyngn Inc.'s stock price.
Future Outlook
No forward-looking statements or guidance regarding Cyngn Inc. are provided by the reporting persons in this filing.
Industry Context
This filing primarily reflects a change in institutional ownership for Cyngn Inc., rather than broader industry trends. It indicates an investment manager's decision to fully divest its stake in the company.
Stakeholder Impact
- Shareholders: May react negatively to the news of an institutional investor exiting, potentially leading to downward pressure on the stock price.
- Management: Could face increased scrutiny regarding the company's performance and strategy following the divestment.
Key Dates
| Date | Description |
|---|---|
| 2025-08-07 | Date Cyngn Inc. reported 7,039,266 shares outstanding in its Quarterly Report on Form 10-Q. |
| 2025-09-30 | Date of event which required the filing of this statement (disposition of shares). |
| 2025-10-21 | Filing date of the Schedule 13G Amendment No. 1. |
Recommendation
sellThe complete divestment by Empery Asset Management, a professional investment manager, suggests a loss of confidence in Cyngn Inc.'s future performance. This action by a sophisticated investor typically signals a negative outlook, warranting a 'sell' recommendation for other investors.
Keywords
Cyngn Inc., Empery Asset Management, Schedule 13G, Institutional Ownership, Stock Holdings, Investment Management, Divestment, Common Stock
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