secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0001213900-23-094816
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390023094816/0001213900-23-094816-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390023094816/ea189860-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-094816

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