---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-094816"
form_type: "8-K"
ticker: "CYN"
cik: "0001874097"
company_name: "Cyngn Inc."
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T15:11:47.311522+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cyngn prices $5M public offering of 33.3M shares/pre-funded warrants at $0.15

## Summary
- Gross proceeds of $5M from sale of 33,333,333 shares and pre-funded warrants at $0.15 per share or $0.14999 per warrant.
- Pre-funded warrants immediately exercisable at $0.00001 per share and expire when fully exercised.
- Aegis Capital Corp. receives 7.0% cash fee plus $50,000 in non-accountable expenses as placement agent.
- Offering expected to close on or about December 12, 2023; net proceeds for working capital and general corporate purposes.
- 75-day lock-up restricts the company and its directors/officers from selling additional securities.

## SEC filing metadata
- accession: 0001213900-23-094816
- form_type: 8-K
- ticker: CYN
- cik: 0001874097
- company_name: Cyngn Inc.
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874097/000121390023094816/0001213900-23-094816-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874097/000121390023094816/ea189860-8k_cyngn.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-094816
- JSON: https://secwatch.observer/filing/0001213900-23-094816.json
- Plain text: https://secwatch.observer/filing/0001213900-23-094816.txt

## Key facts
- Material Agreements
  Cyngn Inc. entered into Placement Agent Agreement with Aegis Capital Corp. valued at $5 million (effective 2023-12-08).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Aegis Capital Corp.
  - Value: $5 million
  - Effective: 2023-12-08
  source text: On December 8, 2023, Cyngn Inc. (the “Company”) entered into a Placement Agent Agreement (the “PA Agreement”) with Aegis Capital Corp. (“ Aegis ”), pursuant to which Aegis acted as the Company’s placement agent, on a reasonable best efforts basis, in connection with the sale by the Company of an aggregate of 11,466,733 shares of common stock (the “Shares”) and pre-funded warrants to purchase up to 21,866,600 shares of common stock (the “Pre-funded Warrants”), in a public offering at a purchase price of $0.15 per Share or $0.14999 per Pre-Funded Warrant.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874097/000121390023094816/0001213900-23-094816-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.