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Cyngn | 424B4: Prospectus

Cyngn | 424B4: Prospectus

Cyngn | 424B4:募資說明書
美股SEC公告 ·  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. 正在進行一項總額爲2000萬美元的公開募資,提供3,076,006個單位和9,346,354個預融資單位。每個單位由一股普通股、一份A系列Warrants和一份B系列Warrants組成,定價爲1.61美元。預融資單位的價格爲每個1.6099美元。A系列Warrants的期限爲5年,而B系列Warrants的期限爲2.5年,均可在股東批准後以每股2.0125美元的價格行使。此次募資包括一個超額配售選項,預計將於2024年12月23日完成。Aegis Capital CORP. 作爲唯一的配售代理。Cyngn 打算將預計爲1820萬美元的淨收益用於營運資本、一般公司用途,並償還437.5萬美元的未償還高級票據。該公司的普通股在納斯達克上市,代碼爲"CYN",但新證券將不予以上市。此次募資旨在加強Cyngn的財務狀況,以便開發用於工業應用的自動駕駛汽車科技。
Cyngn Inc. 正在進行一項總額爲2000萬美元的公開募資,提供3,076,006個單位和9,346,354個預融資單位。每個單位由一股普通股、一份A系列Warrants和一份B系列Warrants組成,定價爲1.61美元。預融資單位的價格爲每個1.6099美元。A系列Warrants的期限爲5年,而B系列Warrants的期限爲2.5年,均可在股東批准後以每股2.0125美元的價格行使。此次募資包括一個超額配售選項,預計將於2024年12月23日完成。Aegis Capital CORP. 作爲唯一的配售代理。Cyngn 打算將預計爲1820萬美元的淨收益用於營運資本、一般公司用途,並償還437.5萬美元的未償還高級票據。該公司的普通股在納斯達克上市,代碼爲"CYN",但新證券將不予以上市。此次募資旨在加強Cyngn的財務狀況,以便開發用於工業應用的自動駕駛汽車科技。
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