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Sichenzia Ross Ference Carmel LLP Represents Cyngn Inc. in Financing Transactions Aggregating $33 Million in Gross Proceeds

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Press Release – New York, NY – January 23, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented Cyngn Inc. (the “Company”) in a $20.0 million follow-on offering of common stock units (or pre-funded units) and warrants in December 2024 and subsequently represented the Company in a $9.0 million registered direct offering priced at-the-market under Nasdaq Rules. The Sichenzia team also represented the Company in November, 2024 in connection with a private placement of promissory notes in the aggregate principal amount of $4,375,000.

The Sichenzia team was led by partners Gregory Sichenzia, Marcelle Balcombe, and Matt Siracusa and senior paralegal Raquel Vazquez.