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Cyngn | 424B4: Prospectus

Cyngn | 424B4: Prospectus

Cyngn | 424B4:募资说明书
美股SEC公告 ·  2024/12/23 22:31

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Cyngn Inc. is offering 3,076,006 Units and 9,346,354 Pre-Funded Units in a $20 million public offering. Each Unit consists of one share of common stock, one Series A Warrant, and one Series B Warrant, priced at $1.61. Pre-Funded Units are priced at $1.6099 each.The Series A Warrants have a 5-year term and Series B Warrants have a 2.5-year term, both exercisable at $2.0125 per share upon stockholder approval. The offering includes an over-allotment option and is expected to close on December 23, 2024. Aegis Capital Corp. is acting as the sole placement agent.Cyngn intends to use the net proceeds, estimated at $18.2 million, for working capital, general corporate purposes, and to repay $4.375 million in outstanding senior notes. The company's common stock is listed on Nasdaq under "CYN", but the new securities will not be listed. The offering aims to strengthen Cyngn's financial position as it develops autonomous vehicle technology for industrial applications.
Cyngn Inc. is offering 3,076,006 Units and 9,346,354 Pre-Funded Units in a $20 million public offering. Each Unit consists of one share of common stock, one Series A Warrant, and one Series B Warrant, priced at $1.61. Pre-Funded Units are priced at $1.6099 each.The Series A Warrants have a 5-year term and Series B Warrants have a 2.5-year term, both exercisable at $2.0125 per share upon stockholder approval. The offering includes an over-allotment option and is expected to close on December 23, 2024. Aegis Capital Corp. is acting as the sole placement agent.Cyngn intends to use the net proceeds, estimated at $18.2 million, for working capital, general corporate purposes, and to repay $4.375 million in outstanding senior notes. The company's common stock is listed on Nasdaq under "CYN", but the new securities will not be listed. The offering aims to strengthen Cyngn's financial position as it develops autonomous vehicle technology for industrial applications.
Cyngn Inc. 正在进行2000万美元的公开募股,提供3,076,006个单位和9,346,354个预融资单位。每个单位由一股普通股、一份A系列Warrant和一份B系列Warrant组成,定价为1.61美元。预融资单位的价格为每个1.6099美元。A系列Warrant的有效期为5年,B系列Warrant的有效期为2.5年,均可在股东批准后以每股2.0125美元的价格行使。此次募股包括超额配售选择权,预计于2024年12月23日关闭。Aegis Capital Corp.担任唯一的配售代理。Cyngn打算将净收益(预计为1820万美元)用于营运资本、一般公司用途,及偿还437.5万美元的高级票据。公司的普通股在纳斯达克上市,代码为"CYN",但新的证券将不会上市。此次募股旨在加强Cyngn的财务状况,以便开发用于工业应用的自动驾驶汽车科技。
Cyngn Inc. 正在进行2000万美元的公开募股,提供3,076,006个单位和9,346,354个预融资单位。每个单位由一股普通股、一份A系列Warrant和一份B系列Warrant组成,定价为1.61美元。预融资单位的价格为每个1.6099美元。A系列Warrant的有效期为5年,B系列Warrant的有效期为2.5年,均可在股东批准后以每股2.0125美元的价格行使。此次募股包括超额配售选择权,预计于2024年12月23日关闭。Aegis Capital Corp.担任唯一的配售代理。Cyngn打算将净收益(预计为1820万美元)用于营运资本、一般公司用途,及偿还437.5万美元的高级票据。公司的普通股在纳斯达克上市,代码为"CYN",但新的证券将不会上市。此次募股旨在加强Cyngn的财务状况,以便开发用于工业应用的自动驾驶汽车科技。
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