secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2026-03-17T23:59:59+00:00
Accession:  0001213900-26-029129
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390026029129/0001213900-26-029129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390026029129/ea0282043-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-029129

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer