Highest-materiality recent filing
Cyngn appoints Baker Tilly as new auditor, cites material weakness in internal controls
Appointed Baker Tilly US, LLP as independent auditor, replacing CBIZ CPAs P.C., effective April 3, 2026.
Cyngn FY2025 revenue $219K; net loss $(23.5M); bookings tripled; $9.65M offering extends runway
FY2025 revenue $0.22M vs $0.37M YoY; net loss $(23.5M) improved from $(33.3M); Q4 net loss $(5.7M).
Offering of 1,686,788 shares and 3,313,212 pre-funded warrants at $1.93 per share/warrant.
Cyngn approves $1.64M CEO bonus, changes director comp to all-cash $250k annually
Independent directors to receive $250,000 annual cash compensation ($62,500 quarterly), replacing prior cash+equity program.
Cyngn appoints Ran Makavy to Board of Directors as Class III director
Appointment effective Feb 3, 2026, filling a vacancy on the Board.
Cyngn amends bylaws to add director-qualification framework and virtual meeting provisions
Board approved amended bylaws effective Jan 27, 2026, to tighten director nomination and disclosure requirements.
Director Colleen Cunningham resigns from Cyngn board effective Dec 31, 2025
Resignation from Board and all committees (Audit, Compensation, Chair of Nominating & Corporate Governance).
Cyngn shareholders approve 4M share increase for equity plan; re-elect Lior Tal as Class I director
Plan amendment approved with 271,301 for vs 261,505 against; adds 4M shares to 2021 Equity Incentive Plan.
Cyngn Q3 2025 revenue $70K, net loss $8.4M; cash runway extended to 2027
Q3 2025 revenue $70K (up from $47.6K YoY); net loss $8.4M (vs $5.4M loss YoY).
Restatement due to error in accounting for Series A and B Warrants issued in Dec 2024; warrant liability increased by $12.7M, equity decreased by $12.7M.
Cyngn VP of Business Operations Ben Landen resigns effective Oct 24, 2025
Ben Landen resigned as VP of Business Operations, effective October 24, 2025.
Cyngn reschedules 2025 Annual Meeting to December 3, 2025
Original annual meeting scheduled for October 6, 2025 was cancelled.
Cyngn cancels 2025 annual meeting; will reschedule and file new proxy
2025 annual meeting originally scheduled for October 6, 2025 has been canceled.
Cyngn enters $100M ATM equity agreement with Aegis Capital Corp.
May sell up to $100M of common stock at prevailing market prices through Aegis as sales agent or principal.
Cyngn names Natalie Russell permanent CFO effective August 12, 2025
Russell, previously interim CFO since June 2025, is now permanent CFO effective August 12, 2025.
Cyngn Q2 net loss $5.5M; raises $32M, extends cash runway through 2027
Q2 2025 revenue $33.7K vs $8.7K in Q2 2024; net loss $5.5M vs $5.8M.
Cyngn closes $17.2M equity offering with pre-funded warrants; net proceeds $14.7M
Sold 313,564 shares at $7.50 and 1,979,769 pre-funded warrants at $7.49999; gross proceeds ~$17.2M.
Cyngn closes $15M registered direct offering of common stock and pre-funded warrants
Gross proceeds $15M from 192,496 shares at $5.01 and 2,801,516 pre-funded warrants at $5.00999.
Cyngn CFO and board member Donald Alvarez steps down; interim CFO named
Donald Alvarez resigned as CFO and board member effective June 6, 2025.
As previously disclosed, effective June 6, 2025, Natalie Russell, the Company’s Director of Accounting, will serve as the Company’s Interim Chief Financial Officer.
Effective June 6, 2025, Donald Alvarez stepped down as a member of the board of directors (the “Board”) and Chief Financial Officer of Cyngn Inc. (the “Company”).
Max materiality 0.75 · Median 0.50 · Most common event other_material