Cyngn raises $9.65M in registered direct offering of common stock and pre-funded warrants at $1.93/share

Cyngn Inc.

Offering of 1,686,788 shares and 3,313,212 pre-funded warrants at $1.93 per share/warrant.
Gross proceeds ~$9.65M; net proceeds ~$8.8M after expenses.
Proceeds for general corporate purposes and working capital; closed March 17, 2026.
Post-offering shares outstanding 16,896,493 assuming full exercise of pre-funded warrants.
Aegis Capital Corp. acted as exclusive placement agent.

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