Cyngn Inc (CYN) Closes $20M Offering
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Cyngn Announces Closing of $20.0 Million Follow On Offering Priced At-the-Market
December 23, 2024 12:21 PM UTCMENLO PARK, Calif., Dec. 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 closing of a follow on offering, priced at the market, with gross proceeds to the Company of approximately $20.0 million, before deducting placement agent fees and other estimated offering expenses payable by the Company.
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