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 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 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.
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