Cyngn Inc. Appoints New Independent Registered Public Accounting Firm

Cyngn Inc. announced a change in its independent registered public accounting firm on April 3, 2026. The company’s Audit Committee and Board of Directors approved the appointment of Baker Tilly US, LLP as the new independent auditor, dismissing CBIZ CPAs, P.C. This change occurred following a period where the company experienced material weaknesses in its internal control over financial reporting, specifically concerning the oversight of third parties involved in financial reporting and a lack of technical expertise in complex accounting transactions. These issues were previously reported in the company's Form 10-K for the year ended December 31, 2025. CBIZ CPAs, P.C. has been authorized to respond to inquiries from Baker Tilly US, LLP regarding these matters. The company confirmed that there were no unresolved disagreements with CBIZ CPAs, P.C. on accounting principles or financial reporting, nor any reportable events, with the exception of the aforementioned material weaknesses.