{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-096917","form_type":"8-K","ticker":"CYN","cik":"0001874097","company_name":"Cyngn Inc.","filed_at":"2024-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.210477+00:00","generated_at":"2026-05-30T02:16:24.659846+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cyngn raises $3.5M via 20% OID notes and 405K shares; cuts staff 25% to conserve cash","bullets":["Issued $4.375M principal in senior notes at 20% original issue discount; gross proceeds $3.5M.","Issued 405,125 common shares to note purchasers; notes mature in 90 days or upon subsequent qualifying financing.","Cost reduction plan: reduce staff from ~80 to ~60, cut monthly cash burn from $1.8M to ~$1M for 90 days.","Company states it 'will need to raise additional capital imminently'; signed non-binding engagement with Aegis Capital.","Proceeds used for working capital; $1M held in escrow, released upon filing/effectiveness of resale registration."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-096917","json":"https://secwatch.observer/filing/0001213900-24-096917.json","markdown":"https://secwatch.observer/filing/0001213900-24-096917.md","text":"https://secwatch.observer/filing/0001213900-24-096917.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1874097/000121390024096917/0001213900-24-096917-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1874097/000121390024096917/ea0220845-8k_cyngn.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T02:16:24.659846+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}