secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2024-12-31T23:59:59+00:00
Accession:  0001213900-24-114074
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cyngn raises $9.0M in registered direct offering of 15M shares/pre-funded warrants at $0.60/share
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- Closed registered direct offering on Dec 31, 2024; gross proceeds $9.0M, net ~$8.1M after expenses.
- Issued 6.65M common shares and 8.35M pre-funded warrants (exercise price $0.0001) at $0.60/$0.5999 each.
- Net proceeds to be used for general corporate purposes and working capital.
- Aegis Capital Corp. served as exclusive placement agent; 8% cash fee on gross proceeds.
- Post-offering shares outstanding: 27,404,186 (includes shares from pre-funded warrant exercises).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390024114074/0001213900-24-114074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390024114074/ea0226405-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-114074

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer