Cyngn Inc (CYN) Announces $17.2 Million Registered Direct Offering
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Cyngn Inc. Announces $17.2 Million Registered Direct Offering
June 27, 2025 9:00 AM EDTMOUNTAIN VIEW, Calif., June 27, 2025 /PRNewswire/ -- Cyngn Inc. (NASDAQ: CYN) today announced that it has entered into definitive agreements in a registered direct offering with a single institutional investor for the purchase and sale of approximately $17.2 million of shares of Common Stock and pre-funded warrants at a price of $7.50 per share of Common Stock. Upon closing of the offering, the Company will have fully utilized its shelf registration statement.
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