Cyngn closes $15M registered direct offering of common stock and pre-funded warrants

Cyngn Inc.

Gross proceeds $15M from 192,496 shares at $5.01 and 2,801,516 pre-funded warrants at $5.00999.
Net proceeds ~$12.7M after fees; intended for general corporate purposes and working capital.
Tail provision: $1.05M cash fee and 5-year warrants for 209,581 shares at $6.26 to former placement agent.
Post-offering shares outstanding (including pre-funded warrants exercised): 4,745,933.
Offering closed June 27, 2025; Aegis Capital acted as placement agent.

item 1.01item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.