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Announces Pricing of $9.0 Million Registered Direct Offering Priced At-The-Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2495557447","media":"PR Newswire","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495557447?lang=en_us&edition=fundamental","pubTime":"2024-12-31 03:14","pubTimestamp":1735586040,"startTime":"0","endTime":"0","summary":"MENLO PARK, Calif., Dec. 30, 2024 /PRNewswire/ -- Cyngn Inc.  , a developer of AI-powered autonomous driving software solutions for industrial applications, today announced that it has entered into definitive agreements in a registered direct offering with certain institutional investors for the purchase and sale of 15,000,000 shares of common stock and/or pre-funded warrants to acquire common stock in a registered direct offering. The purchase price of each share is $0.60 .Aggregate gross proceeds to the Company are expected to be approximately $9.0 million. The transaction is expected to close on or about December 31, 2024 subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the offering, together with its existing cash, for general corporate purposes and working capital.Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. 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((Reuters.Briefs@thomsonreuters.com;))","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1854104046.USD","LU1861215975.USD","IE00BZ199S13.USD","BK4023","LU1861219969.SGD","BK4141","LU0724618433.USD","BK4512","BK4588","LU1720051017.SGD","IE00BD6J9T35.USD","LU1861214812.USD","LU0348723411.USD","LU2298322129.HKD","BK4585","LU1854103824.USD","CYN","LU1548497426.USD","LU1861220033.SGD","LU2360107325.USD","LU0124384867.USD","LU2357305700.SGD","LU1720051108.HKD","LU1978683503.SGD"],"gpt_icon":0},{"id":"2493679540","title":"Cyngn Shares Jump as $20 Million Offering 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company of approximately $20M, before d...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/cyngn-announces-closing-of-20m-follow-on-offering-priced-at-the-market?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/cyngn-announces-closing-of-20m-follow-on-offering-priced-at-the-market?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["CYN","BK4023"],"gpt_icon":0},{"id":"2493143793","title":"CYNGN Announces Closing of $20.0 Million Follow on Offering Priced 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A final prospectus describing the terms of the proposed offering has been filed with the SEC and is available on the SEC's website located at www.sec.gov. Electronic copies of the final prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email ","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/tv5fXiPVetLGx5.kmDoHMA--~B/aD0yOTM7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/69fdc99ee6a186179ad550739b147924","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/tv5fXiPVetLGx5.kmDoHMA--~B/aD0yOTM7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/69fdc99ee6a186179ad550739b147924"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/cyngn-announces-closing-20-0-172100866.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/cyngn-announces-closing-20-0-172100866.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4023","CYN"],"gpt_icon":0},{"id":"2493447511","title":"Top Midday Decliners","url":"https://stock-news.laohu8.com/highlight/detail?id=2493447511","media":"MT Newswires","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2493447511?lang=en_us&edition=fundamental","pubTime":"2024-12-21 03:16","pubTimestamp":1734722188,"startTime":"0","endTime":"0","summary":"Cyngn  said Friday that it priced a follow-on offering and plans to use the gross proceeds of about $20 million and cash at hand for working capital and other general corporate purposes.Shares slumped 74% following a surge in intraday trading volume to over 23.3 million from a daily average of about 670,000.Galectin Therapeutics  said Friday its trial evaluating belapectin in cirrhotic portal hypertension patients showed a 48.9% reduction in varices in the per-protocol population for the 2 mg/kg dose group. But, in the intent-to-treat population, the composite endpoint \"did not reach statistical significance\" even though the incidence of varices showed a 43.2% reduction.FingerMotion's  shares sank 41% amid heavy trading after the technology company said it agreed with investors to raise $5 million in gross proceeds from the sale of common stock and warrants in a registered direct offering.More than 3.2 million shares traded compared with a daily average of roughly 182,000.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/top-midday-decliners-191628936.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["CYN","GALT","BK4132","BK4023","FNGR","BK4139"],"gpt_icon":0},{"id":"2492944051","title":"Dow Surges 100 Points, Carnival Earnings Top Views","url":"https://stock-news.laohu8.com/highlight/detail?id=2492944051","media":"Benzinga","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2492944051?lang=en_us&edition=fundamental","pubTime":"2024-12-20 23:33","pubTimestamp":1734708782,"startTime":"0","endTime":"0","summary":" 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a follow on offering, priced at the market, with gross proceeds to the Company expected to be approximately $...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/cyngn-prices-20m-follow-on-offering-at-1-61-per-unit?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/cyngn-prices-20m-follow-on-offering-at-1-61-per-unit?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4023","CYN"],"gpt_icon":0},{"id":"2492144695","title":"CYNGN Announces Pricing of $20.0 Million Follow on Offering 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The offering is being made only by means of a prospectus. A final prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at www.sec.gov. Electronic copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/tv5fXiPVetLGx5.kmDoHMA--~B/aD0yOTM7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/69fdc99ee6a186179ad550739b147924","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/tv5fXiPVetLGx5.kmDoHMA--~B/aD0yOTM7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/69fdc99ee6a186179ad550739b147924"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/cyngn-announces-pricing-20-0-140000972.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/cyngn-announces-pricing-20-0-140000972.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["CYN","BK4023"],"gpt_icon":0},{"id":"2492448472","title":"Investors Await Key Inflation Data as US Futures Decline in Friday's Premarket","url":"https://stock-news.laohu8.com/highlight/detail?id=2492448472","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2492448472?lang=en_us&edition=fundamental","pubTime":"2024-12-20 21:06","pubTimestamp":1734699963,"startTime":"0","endTime":"0","summary":"US stock futures were trending lower in Friday's premarket session as investors await key inflation data set for release later in the morning.The Dow Jones Industrial Average futures were down 0.62%, ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"0136878ef76de94ac274d4d3726d77de","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["MYSZ","NVNI","CYN","HYZN","MTEM","BK4023","ISBC","PBM","BK4139","BK4211","BK4149"],"gpt_icon":1},{"id":"2486800794","title":"Cyngn files to sell 3.06M units","url":"https://stock-news.laohu8.com/highlight/detail?id=2486800794","media":"TIPRANKS","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486800794?lang=en_us&edition=fundamental","pubTime":"2024-11-28 05:35","pubTimestamp":1732743333,"startTime":"0","endTime":"0","summary":"Aegis Capital is sole placement agent. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try No...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/cyngn-files-to-sell-3-06m-units?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/cyngn-files-to-sell-3-06m-units?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4023","CYN"],"gpt_icon":0},{"id":"2486068124","title":"Cyngn files to sell 405K shares of common stock for holders","url":"https://stock-news.laohu8.com/highlight/detail?id=2486068124","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486068124?lang=en_us&edition=fundamental","pubTime":"2024-11-26 05:15","pubTimestamp":1732569306,"startTime":"0","endTime":"0","summary":"16:14 EST Cyngn (CYN) files to sell 405K shares of common stock for holders Published first on TheFly – the ultimate source for real-time, market-m...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/cyngn-files-to-sell-405k-shares-of-common-stock-for-holders?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/cyngn-files-to-sell-405k-shares-of-common-stock-for-holders?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4023","CYN"],"gpt_icon":0},{"id":"2483980062","title":"Aegis Capital Corp. acted as Exclusive Placement Agent on a $3.5 Million Private Placement for Cyngn Inc. 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Cyngn's DriveMod Kit can be installed on new industrial vehicles at end of line or via retrofit, empowering customers to seamlessly adopt self-driving technology into their operations without high upfront costs or the need to completely replace existing vehicle investments.","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/T38whuz2.nAtxtdQnnBxfg--~B/aD0zNjk7dz02OTk7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/accesswire.ca/8f7d71bb5de4242a934fc6b3012c5a6a","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/T38whuz2.nAtxtdQnnBxfg--~B/aD0zNjk7dz02OTk7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/accesswire.ca/8f7d71bb5de4242a934fc6b3012c5a6a"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/aegis-capital-corp-acted-exclusive-151500141.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["NQmain","BK4585","LU2095319765.USD","CYN","PSQ","IE00BGHQF748.EUR",".IXIC","BK4112","IE00BKPKM429.USD","IE00B3QW5Z07.USD","BK4588","TQQQ","LU2210150020.SGD","BK4023","QLD","MNQmain","SQQQ","IE00B64PRP62.GBP","QID","NDAQ","LU2210149790.SGD"],"gpt_icon":1},{"id":"2483067264","title":"BRIEF-Cyngn Implementing Cost Reduction Plan To Reduce Its Average Monthly Cash Burn To $1Mln Per Month For 90 Days","url":"https://stock-news.laohu8.com/highlight/detail?id=2483067264","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483067264?lang=en_us&edition=fundamental","pubTime":"2024-11-13 07:31","pubTimestamp":1731454267,"startTime":"0","endTime":"0","summary":"BRIEF-Cyngn Implementing Cost Reduction Plan To Reduce Its Average Monthly Cash Burn To $1Mln Per Month For 90 DaysNov 12  - CYNGN Inc CYN.O:CYNGN INC -IMPLEMENTING COST REDUCTION PLAN TO REDUCE ITS AVERAGE MONTHLY CASH BURN TO $1MLN PER MONTH FOR 90 DAYSCYNGN- INCLUDE REDUCING STAFF FROM ABOUT 80 PEOPLE TO ABOUT 60 PEOPLE, TEMPORARILY SUSPENDING CERTAIN NON-ESSENTIAL OPERATIONSCYNGN INC -ENTERED INTO NON-BINDING ENGAGEMENT LETTER WITH AEGIS CAPITAL TO EXPLORE RAISING ADDITIONAL FUNDSCYNGN INC -ENTERED INTO SECURITIES PURCHASE AGREEMENT, CO SOLD IN PRIVATE PLACEMENT OF $4.3 MILLION NOTESSource text: [ID:n0001213900-24-096917]Further company coverage: CYN.O ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241112:nFWN3MJ1NQ:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4023","CYN"],"gpt_icon":1}],"pageSize":16,"totalPage":4,"pageCount":3,"totalSize":63}]}}