secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0001213900-25-059644
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390025059644/0001213900-25-059644-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390025059644/ea0247423-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-059644

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