Sichenzia Ross Ference Carmel LLP 代表 Cyngn Inc. 公开发行 500 万美元
Press Release – New York, NY – December 12th, 2023 – Sichenzia Ross Ference Carmel LLP announced today that it represented Cyngn Inc. (the “Company” or “Cyngn”) (NASDAQ: CYN). Today, it announced the closing of its common stock public offering, with gross proceeds of approximately $5.0 million, before deducting placement agent fees and other expenses.
The offering consisted of 33,333,333 shares of common stock and pre-funded warrants. Each share of common stock (or pre-funded warrant in lieu thereof) was sold at a purchase price of $0.15 per share (or $0.14999 per pre-funded warrant after reducing $0.00001 attributable to the exercise price of the pre-funded warrants).
Cyngn, a developer of AI-powered autonomous driving software solutions for industrial applications, expects to use the net proceeds from the offering for general corporate purposes, including working capital.
Cyngn’s flagship product, its Enterprise Autonomy Suite, includes DriveMod (autonomous vehicle system), Cyngn Insight (customer-facing suite of AV fleet management, teleoperation, and analytics tools), and Cyngn Evolve (internal toolkit that enables Cyngn to leverage data from the field for artificial intelligence, simulation, and modeling).
Aegis Capital Corp. acted as the exclusive placement agent for the offering.
The Sichenzia Ross Ference Carmel LLP team was led by partners Gregory Sichenzia and Marcelle Balcombe. and paralegal Raquel Vazquez.
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新闻稿 – 纽约州纽约 – 2023 年 12 月 12 日 – Sichenzia Ross Ference Carmel LLP 今天宣布其代表 Cyngn Inc.（“公司”或“Cyngn”）（纳斯达克股票代码：CYN）。今天，该公司宣布完成普通股公开发行，扣除配售代理费用和其他费用后，募集资金总额约为 500 万美元。
此次发行包括 33,333,333 股普通股和预先融资的认股权证。每股普通股（或代替其的预融资认股权证）以每股 0.15 美元的购买价格出售（或因预融资认股权证的行权价格减少 0.00001 美元后，每张预融资认股权证为 0.14999 美元）。
Cyngn 是一家面向工业应用的人工智能自动驾驶软件解决方案开发商，预计将此次发行的净收益用于一般企业用途，包括营运资金。
Cyngn 的旗舰产品企业自主套件包括 DriveMod（自动驾驶车辆系统）、Cyngn Insight（面向客户的 AV 车队管理、远程操作和分析工具套件）和 Cyngn Evolve（内部工具包，使 Cyngn 能够利用来自人工智能、模拟和建模领域）。
Aegis Capital Corp. 担任本次发行的独家配售代理。
Sichenzia Ross Ference Carmel LLP 团队由合伙人 Gregory Sichenzia 和 Marcelle Balcombe 领导。和律师助理拉克尔·巴斯克斯。
