Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Cyngn Inc. entered into Placement Agent Agreement with Aegis Capital Corp. valued at Placement agent fee of 7% of aggregate gross proceeds raised, plus reimbursement of certain expenses (effective 2026-03-16).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Aegis Capital Corp.
- Value
- Placement agent fee of 7% of aggregate gross proceeds raised, plus reimbursement of certain expenses
- Effective
- 2026-03-16
Exact text from the filing
In connection with the Offering, the Company entered into a Placement Agent Agreement (the “Placement Agent Agreement”) with Aegis Capital Corp. (the “Placement Agent”), as the exclusive placement agent in connection with the Offering. As compensation to the Placement Agent, the Company paid the Placement Agent a cash fee of 7% of the aggregate gross proceeds raised in the Offering and reimbursed certain expenses of the Placement Agent.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Cyngn Inc. entered into Securities Purchase Agreement with Investors named on the signature page valued at Sale of 1,686,788 shares of common stock at $1.93 per share and 3,313,212 pre-funded warrants at $1. (effective 2026-03-16).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Investors named on the signature page
- Value
- Sale of 1,686,788 shares of common stock at $1.93 per share and 3,313,212 pre-funded warrants at $1.
- Effective
- 2026-03-16
Exact text from the filing
On March 16, 2026, Cyngn Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with the investors named on the signature page thereto, pursuant to which the Company agreed to sell and issue, in a registered direct offering (the “Offering”), 1,686,788 shares (the “Shares”) of its common stock, par value $0.00001 per share (“Common Stock”), at a purchase price of $1.93 per share and 3,313,212 pre-funded warrants (the “Pre-Funded Warrants”) to purchase shares of Common Stock, at a purchase price of $1.92999 per Pre-Funded Warrant.
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