secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001213900-23-044520
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cyngn enters ATM equity sales facility for up to $8.77M common stock
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- ATM Sales Agreement with Virtu Americas LLC for up to $8,773,970 of common stock in at-the-market offerings.
- Agent receives commission of up to 3.0% of gross proceeds from any shares sold.
- Shares to be issued under shelf registration statement on Form S-3 filed May 31, 2023.
- Company not obligated to sell any shares; no guarantee of timing, price, or amount.
- Either party may terminate the agreement per its terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390023044520/0001213900-23-044520-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390023044520/ea179586-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-044520

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