secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0001174947-25-000969
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000117494725000969/0001174947-25-000969-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000117494725000969/ea0247248-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001174947-25-000969

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer