Cyngn enters $100M ATM equity agreement with Aegis Capital Corp.

Cyngn Inc.

May sell up to $100M of common stock at prevailing market prices through Aegis as sales agent or principal.
Agent will receive a commission of up to 3.0% of gross proceeds from any shares sold.
Company not obligated to sell any shares; no assurance of price or amount of sales.
Shares to be issued under S-3 registration statement (File No. 333-290079) filed Sept 5, 2025.
Agreement includes indemnification; either party may terminate per its terms.

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