Cyngn closes $17.2M equity offering with pre-funded warrants; net proceeds $14.7M

Cyngn Inc.

Sold 313,564 shares at $7.50 and 1,979,769 pre-funded warrants at $7.49999; gross proceeds ~$17.2M.
Net proceeds after expenses of ~$14.7M; proceeds for general corporate and working capital.
Closing occurred on June 30, 2025; shelf registration fully utilized.
After issuance, common shares outstanding total 7,039,266.
Aegis Capital Corp. acted as placement agent; fees include 7% cash and warrants.

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