{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-029129","form_type":"8-K","ticker":"CYN","cik":"0001874097","company_name":"Cyngn Inc.","filed_at":"2026-03-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.640957+00:00","generated_at":"2026-05-15T10:56:57.455825+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cyngn raises $9.65M in registered direct offering of common stock and pre-funded warrants at $1.93/share","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-029129","json":"https://secwatch.observer/filing/0001213900-26-029129.json","markdown":"https://secwatch.observer/filing/0001213900-26-029129.md","text":"https://secwatch.observer/filing/0001213900-26-029129.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1874097/000121390026029129/0001213900-26-029129-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1874097/000121390026029129/ea0282043-8k_cyngn.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T10:56:57.455825+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1d77b94d4fef7851d7f34b01d27ea0746c794988","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1874097/000121390026029129/0001213900-26-029129-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Aegis Capital Corp."},{"label":"Value","value":"Placement agent fee of 7% of aggregate gross proceeds raised, plus reimbursement of certain expenses"},{"label":"Effective","value":"2026-03-16"}],"fact_type":"material_agreement"},{"claim_id":"e5137f16547da7b9ef00fdfa1d0610686663865c","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1874097/000121390026029129/0001213900-26-029129-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Investors named on the signature page"},{"label":"Value","value":"Sale of 1,686,788 shares of common stock at $1.93 per share and 3,313,212 pre-funded warrants at $1."},{"label":"Effective","value":"2026-03-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}