Sichenzia Ross Ference Carmel LLP Represents Cyngn Inc. in a $3.5 Million Private Placement

Press Release – New York, NY – November 18, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Cyngn Inc. (NASDAQ: CYN), a developer of industrial autonomous vehicles, in a $3,500,000 private placement of notes and shares of common stock.

The investment is in the form of an Original Issue Discount Senior Note and Shares of Common Stock, resulting in proceeds before expenses to Cyngn of $3.5 million.

Aegis Capital Corp. acted as the exclusive placement agent for the private placement.

The Sichenzia Ross Ference Carmel LLP team was led by partners Gregory Sichenzia and  Marcelle Balcombe, and senior paralegal Raquel Vazquez.