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Cyngn Announces Pricing of $5.0 Million Firm Commitment Public Offering of Common Stock
Prnewswire· 2024-04-23 18:16
MENLO PARK, Calif., April 23, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced the pricing of its public offering made on a firm commitment basis with gross proceeds to the Company expected to be approximately $5.0 million, before deducting fees and other expenses payable by the Company. The offering consists of 50,000,000 shares of common stock and pre-funded warrants. Each ...
Cyngn Joins John Deere Supply Base
Prnewswire· 2024-04-23 11:05
MENLO PARK, Calif., April 23, 2024 /PRNewswire/ -- Cyngn Inc. ("Cyngn", NASDAQ: CYN) has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere's operation in Dubuque, Iowa. Cyngn is a supplier of AI-powered autonomous vehicle and data solutions based in Menlo Park, CA. Cyngn Joins John Deere Supply Base "We are thrilled to be working with Deere, a company that has a long history of producing cutting-edge technology that yields amazing products for its customers," said Cyngn' ...
Business Update from Lior Tal, CEO at Cyngn Inc.
Prnewswire· 2024-04-18 11:05
MENLO PARK, Calif., April, 18, 2024 /PRNewswire/ --  Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN). Business Update from Lior Tal, CEO at Cyngn Inc.Dear Shareholders, Customers, and Partners, Business Update from Lior Tal, CEO at Cyngn Inc. I want to take this opportunity to put some of the recent press releases and milestones we announced in context and to provide an update on the progress we've made both operationally and technologically to accelerate revenues and position Cyngn for success. Ma ...
Cyngn to Present at the AI & Technology Hybrid Investor Conference
PRNewsWire· 2024-04-10 11:05
Cyngn invites individual and institutional investors, as well as advisors and analysts, to attend in person or online at VirtualInvestorConferences.comMENLO PARK, Calif., April 10, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced that Ben Landen, Cyngn's Vice President of Business Development, will present live at the AI & Technology Hybrid Virtual Investor Conference presented by Water Tower Research and hosted by VirtualInvestorConferences.com, on April 11th, 2024.D ...
Cyngn Completes Initial DriveMod Tugger Deployment with Rivian
Prnewswire· 2024-03-19 11:05
MENLO PARK, Calif., March 19, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications today announced its initial DriveMod Tugger deployment with Rivian, the innovative leading electric vehicle manufacturer. The deployment was at Rivian's Normal, IL manufacturing facility.This deployment continues to emphasize the commercial interest Cyngn's Enterprise Autonomy Suite (EAS) products are garnering with custome ...
RobotLAB Orders Initial Fleet of 10 DriveMod Tuggers, Joins Cyngn Distributor Network
Prnewswire· 2024-03-14 11:05
MENLO PARK, Calif., March 14, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced its strategic partnership with RobotLAB, a premier robotics integrator that has deployed over 10,000 robots with customers across the globe. As a part of this partnership, RobotLAB will purchase ten fully-autonomous DriveMod Tuggers from Cyngn to establish an initial fleet for sale to end customers. The partnership paves the way for joint sales efforts that present exciting revenue growth o ...
Cyngn Reveals First Footage of AI-Powered Autonomous Motrec Tugger
Prnewswire· 2024-03-11 11:05
https://vimeo.com/cyngn/motrec-90-seconds?share=copy MENLO PARK, Calif., March 11, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) is excited to share the first-ever video footage of our latest innovation: the AI-powered DriveMod Tugger. Designed for automating repetitive hauling workflows such as transferring finished goods or delivering supplies, this cutting-edge innovation marks a significant milestone in the integration of Cyngn's DriveMod technology with the MT-160 tow tractor ...
Cyngn(CYN) - 2023 Q4 - Annual Report
2024-03-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from [____] to [____] Commission file number 001-40932 CYNGN INC. (Exact name of registrant as specified in its charter) | Delaware | 46-2007094 | | --- | --- | | State or ot ...
Cyngn to Attend MODEX 2024 with Motrec, Showcasing DriveMod Tugger
Prnewswire· 2024-02-29 12:05
Cyngn will be exhibiting at booth A13913, located in the Transportation and Logistics Solution Center in Hall A. MENLO PARK, Calif., Feb. 29, 2024 /PRNewswire/ -- Cyngn (Nasdaq: CYN) will attend MODEX 2024 with Motrec International Inc. on March 11 to 14, 2024, in Atlanta, Georgia. Cyngn is thrilled to offer a sneak peek into its latest innovation at MODEX 2024: the DriveMod Tugger. For the very first time, Cyngn will debut its fully-autonomous DriveMod-enabled MT-160 tow tractor from Motrec in its booth ( ...
Customer Renews Contract as Cyngn's Autonomous Vehicles Yield 4x Efficiency Gain
Prnewswire· 2024-02-22 12:05
MENLO PARK, Calif., Feb. 22, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), today announced results from its customer deployment with U.S. Continental ("USC"). With a sprawling 100,000-square-foot factory, USC stands as a leading private label leather and fabric care company. USC has become the trusted partner for leading brands like Michael Kors, Birkenstock, and Monster Energy that seek top-tier commercial packaging and private label care product services. USC has enjoyed tremen ...