SCHEDULE: Sabby Entities Disclose 0.97% Stake in Cyngn Inc.

Sabby Management, LLC, Sabby Volatility Warrant Master Fund, Ltd., and Hal Mintz collectively reported beneficial ownership of 0.97% of Cyngn Inc.'s common stock.

Summary

• Sabby Management, LLC, Sabby Volatility Warrant Master Fund, Ltd., and Hal Mintz filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership in Cyngn Inc.
• The reporting persons collectively beneficially own 77,680 shares of Cyngn Inc.'s common stock.
• This ownership represents approximately 0.97% of the total outstanding common stock of Cyngn Inc.
• All reporting persons have shared voting power and shared dispositive power over the 77,680 shares.
• Sabby Management, LLC indirectly owns the shares as the investment manager of Sabby Volatility Warrant Master Fund, Ltd.
• Hal Mintz indirectly owns the shares in his capacity as manager of Sabby Management, LLC.
• The filing certifies that the securities were not acquired and are not held for the purpose of changing or influencing control of Cyngn Inc.

Sentiment

Score: 5

Explanation: This is a routine disclosure of passive beneficial ownership, providing no direct positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This filing is a disclosure of passive beneficial ownership and does not contain any forward-looking statements or guidance regarding Cyngn Inc.'s future performance or operations.

Management Comments

• The reporting persons certify that, to the best of their knowledge and belief, the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This Schedule 13G filing is a routine regulatory disclosure by passive investors, indicating a minor stake in Cyngn Inc. It does not provide specific insights into broader industry trends or competitive positioning, but rather reflects an investment decision by the reporting entities.

Related Party Transactions

• Sabby Management, LLC serves as the investment manager of Sabby Volatility Warrant Master Fund, Ltd., indirectly owning the shares.
• Hal Mintz is the manager of Sabby Management, LLC, and thus indirectly owns the shares.

Stakeholder Impact

• Shareholders: Minimal impact as the disclosed stake is passive and below 5%, indicating no immediate intent to influence company control or strategy.

Key Dates

Keywords

Cyngn Inc., CYN, Sabby Management, Sabby Volatility Warrant Master Fund, Hal Mintz, Schedule 13G, beneficial ownership, common stock, institutional ownership