IPO - Cyngn Inc.

Form Type: 424B5

Filing Date: 2024-12-31

Corporate Action: Ipo

Type: New

Accession Number: 000121390024113697

Filing Summary: Cyngn Inc. is offering a total of 6,650,000 shares of common stock at a price of $0.60 per share, alongside 8,350,000 pre-funded warrants to purchase shares of common stock, aiming to raise approximately $9 million. The offering is managed by Aegis Capital Corp. as the exclusive placement agent. The pre-funded warrants are priced at $0.5999 each and are immediately exercisable. The offering is expected to close on or about December 31, 2024, with proceeds to be used for working capital and other general corporate purposes. Additionally, the document mentions previous significant projects and partnerships, including the development of autonomous vehicle technology and expansions in product offerings, demonstrating Cyngn's commitment to advancing industrial uses for autonomous vehicles. Key recent developments include a public offering in April 2024, a reverse stock split in July 2024, and compliance with Nasdaq's listing requirements. Cyngn also announced a cost reduction plan in response to market challenges, aiming to lower cash burn rates.

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Form Type: 424B4

Filing Date: 2024-12-23

Corporate Action: Ipo

Type: New

Accession Number: 000121390024111572

Filing Summary: Cyngn Inc. is offering 3,076,006 Units, each consisting of one share of common stock and two types of Warrants (Series A and B) at a public offering price of $1.61 per Unit. The Warrants allow for the purchase of additional shares at an exercise price of $2.0125 per share. The offering also includes the option to purchase 9,346,354 Pre-Funded Units, specifically designed for investors who would exceed certain ownership thresholds post-offering. Pre-Funded Units consist of one Pre-Funded Warrant, one Series A Warrant, and one Series B Warrant, with a purchase price of $1.6099 per unit. The common stock, Warrants, and Pre-Funded Warrants will be issued separately post-offering. The proceeds are intended for working capital and repayment of outstanding senior notes. The document outlines various risks involved in the investment, including dependence on obtaining necessary stockholder approvals to exercise the Warrants. The offering is set to close around December 23, 2024.

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Form Type: CORRESP

Filing Date: 2024-12-18

Corporate Action: Ipo

Type: New

Accession Number: 000121390024110111

Filing Summary: Cyngn Inc. has submitted a request for acceleration of the effectiveness of its Registration Statement on Form S-1. The company seeks for the Registration Statement to become effective as of 4:30 PM Eastern Time on December 19, 2024, or as soon as practicable thereafter. This action is part of the procedures for an initial public offering (IPO). The communication is addressed to the Securities and Exchange Commission's Division of Corporation Finance.

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