SCHEDULE 13G/A: Sabby Entities Disclose 9.9% Passive Stake in Cyngn Inc.
Beneficial Ownership Disclosure
Sabby Management, LLC, Sabby Volatility Warrant Master Fund Ltd, and Hal Mintz have jointly disclosed a passive beneficial ownership of 9.9% in Cyngn Inc.'s common stock as of December 31, 2024.
Summary
- Sabby Management, LLC, Sabby Volatility Warrant Master Fund Ltd, and Hal Mintz have filed an Amendment No. 1 to Schedule 13G, disclosing their beneficial ownership in Cyngn Inc.
- As of December 31, 2024, the reporting persons collectively beneficially own 2,148,268 shares of Cyngn Inc.'s Common Stock.
- This ownership represents 9.9% of the class of securities.
- The filing indicates shared voting power and shared dispositive power over all 2,148,268 shares.
- Sabby Management, LLC is a Delaware entity, Sabby Volatility Warrant Master Fund Ltd is based in the Cayman Islands, and Hal Mintz is a U.S. citizen residing in Florida.
- The filing is made under Rule 13d-1(b), indicating that 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, other than activities solely in connection with a nomination under 240.14a-11.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain performance data or forward-looking statements that would indicate positive or negative sentiment.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a significant passive ownership stake by an investment entity and an individual in a publicly traded company. It reflects an investment decision by Sabby Management and its affiliates, rather than a strategic move by Cyngn Inc. itself. Such disclosures are common in the investment landscape and provide transparency regarding major shareholders.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional and individual ownership stake in Cyngn Inc., which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 01/03/2025 | Signature date for Sabby Management, LLC, Sabby Volatility Warrant Master Fund LTD, and Hal Mintz. |
Keywords
Cyngn Inc., Sabby Management, Sabby Volatility Warrant Master Fund, Hal Mintz, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Passive Investment, Institutional Investor
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