Cyngn Announces Pricing of $20.0 Million Follow On Offering Priced At-the-Market

MENLO PARK, Calif., Dec. 20, 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 a follow on offering, priced at the market, with gross proceeds to the Company expected to be approximately $20.0 million, before deducting placement agent fees and other estimated offering expenses payable by the Company. The offering consists of 12,422,360 Common Units (or Pre-Funde ...