TechMediaBreaks – Cyngn Inc. (NASDAQ: CYN) Closes $9.65 Million Registered Direct Offering
Cyngn (NASDAQ: CYN) announced the closing of its previously announced registered direct offering, raising approximately $9.65 million in gross proceeds through the sale of 5,000,000 shares of common stock and pre-funded warrants at $1.93 per share, with the majority of the offering purchased by a single institutional investor. The transaction was priced at the market under Nasdaq rules and closed on March 17, 2026, with proceeds expected to support general corporate purposes and working capital. Aegis Capital Corp. acted as exclusive placement agent. To view the full press release, visit https://ibn.fm/nLWxg About Cyngn Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges…