---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-111988"
form_type: "8-K"
ticker: "CYN"
cik: "0001874097"
company_name: "Cyngn Inc."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:49:33.149039+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cyngn closes $20M follow-on offering; net proceeds ~$18.2M for working capital and debt repayment

## Summary
- Gross proceeds ~$20M from 12.4M units (shares/pre-funded warrants + Series A/B warrants) at $1.61 per unit.
- Net proceeds ~$18.2M after placement agent fees and offering expenses.
- Series A warrants exercisable at $2.0125 upon stockholder approval, 5-year term; Series B warrants 2.5-year term.
- Proceeds to be used for working capital, general corporate purposes, and repayment of outstanding senior notes.
- Offering closed December 23, 2024; Aegis Capital Corp. acted as placement agent.

## SEC filing metadata
- accession: 0001213900-24-111988
- form_type: 8-K
- ticker: CYN
- cik: 0001874097
- company_name: Cyngn Inc.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874097/000121390024111988/0001213900-24-111988-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874097/000121390024111988/ea0225677-8k_cyngn.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-111988
- JSON: https://secwatch.observer/filing/0001213900-24-111988.json
- Plain text: https://secwatch.observer/filing/0001213900-24-111988.txt

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