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Stock impact report

Cyngn Announces Pricing of $20.0 Million Follow On Offering Priced At-the-Market [Yahoo! Finance]

Cyngn Inc. (CYN) 
Company Research Source: Yahoo! Finance
Cyngn Inc. has announced the pricing of a $20 million follow-on offering, consisting of 12,422,360 Common Units, each containing a share of Common Stock or a Pre-Funded Warrant, and two series of warrants. The offering is expected to close on December 23, 2024, and the company plans to use the net proceeds for working capital, general corporate purposes, and repayment of outstanding senior notes. The offering is being made through Aegis Capital Corp. and is subject to customary closing conditions. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improve these summaries. Was this helpful? Yes No 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 Show less Read more
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