---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-035867"
form_type: "8-K"
ticker: "CYN"
cik: "0001874097"
company_name: "Cyngn Inc."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:52:22.801568+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Cyngn prices $5M public offering of 50M shares/pre-funded warrants at $0.10 per share

## Summary
- Gross proceeds ~$5M from 50M shares and pre-funded warrants at $0.10/share (or $0.099999 per warrant).
- Pre-funded warrants exercisable at $0.00001/share; Aegis gets 45-day over-allotment option up to 15%.
- Offering expected to close April 25, 2024; net proceeds for working capital and general corporate purposes.
- Underwriter Aegis receives 7% cash fee of gross proceeds plus $75,000 for accountable expenses.
- 30-day lock-up restrictions on company and insiders for issuance and sales of securities.

## SEC filing metadata
- accession: 0001213900-24-035867
- form_type: 8-K
- ticker: CYN
- cik: 0001874097
- company_name: Cyngn Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874097/000121390024035867/0001213900-24-035867-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874097/000121390024035867/ea0204584-8k_cyngninc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-035867
- JSON: https://secwatch.observer/filing/0001213900-24-035867.json
- Plain text: https://secwatch.observer/filing/0001213900-24-035867.txt

## Key facts
- Material Agreements
  Cyngn Inc. entered into Underwriting Agreement with Aegis Capital Corp. valued at $5 million (effective 2024-04-23).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Aegis Capital Corp.
  - Value: $5 million
  - Effective: 2024-04-23
  source text: On April 23, 2024, Cyngn Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Aegis Capital Corp. (the “Underwriter”), in connection with a firm commitment underwritten public offering
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874097/000121390024035867/0001213900-24-035867-index.htm

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