Cyngn Inc., a Delaware-incorporated company specializing in computer programming services, has filed a Form 1-A with the United States Securities and Exchange Commission (SEC) for a Regulation A offering. The company, which was incorporated in 2013 and employs 74 full-time staff, is headquartered in Menlo Park, California. Cyngn reported having $5,930,977 in cash and cash equivalents, with total assets amounting to $11,928,810. The company's total liabilities stand at $2,225,975, and it has a stockholders' equity of $9,702,835. For the most recent period, Cyngn reported total revenues of $14,179 and a net loss of $11,789,031, with basic and diluted earnings per share at -$12.15. The company's common stock is listed on The Nasdaq Stock Market LLC under the CUSIP 23257B206, with 1,769,946 units outstanding. Cyngn has not issued...Show More

Cyngn Inc., a Delaware-incorporated company specializing in computer programming services, has filed a Form 1-A with the United States Securities and Exchange Commission (SEC) for a Regulation A offering. The company, which was incorporated in 2013 and employs 74 full-time staff, is headquartered in Menlo Park, California. Cyngn reported having $5,930,977 in cash and cash equivalents, with total assets amounting to $11,928,810. The company's total liabilities stand at $2,225,975, and it has a stockholders' equity of $9,702,835. For the most recent period, Cyngn reported total revenues of $14,179 and a net loss of $11,789,031, with basic and diluted earnings per share at -$12.15. The company's common stock is listed on The Nasdaq Stock Market LLC under the CUSIP 23257B206, with 1,769,946 units outstanding. Cyngn has not issued any preferred equity or debt securities. The company is conducting a Tier 2 offering with audited financial statements and intends to offer 7,142,857 securities at a price of $3.50 per security, aiming to raise $50,000,000. Cyngn has engaged Maxim Group LLC as the sales commission agent, with a fee of $2,500,000, and Marcum LLP as the auditor, with a fee of $45,000. Legal fees are anticipated to be up to $115,000, including expenses for the placement agent's legal counsel. The offering will be available in various U.S. states and Canadian provinces.