Press Release Autonomous Vehicle Technology

Cyngn Inc. Announces $9.65 Million Registered Direct Offering

Cyngn Inc. Aegis Capital Corp. Kaufman & Canoles, P.C. Greenberg Traurig, P.A.
Press ReleaseMarch 16, 2026
Cyngn Inc.

Cyngn Inc. has entered into definitive agreements for a registered direct offering, raising approximately $9.65 million through the sale of common stock and pre-funded warrants. The offering is expected to close on or about March 17, 2026, and will be used for general corporate purposes and working capital.

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