Summary by Moomoo AI
Cyngn Inc., a Delaware-incorporated company specializing in computer programming services, has filed a Regulation A offering statement with the United States Securities and Exchange Commission (SEC). The company, which employs 74 full-time staff, reported cash and cash equivalents of approximately $5.93 million and total assets of $11.93 million. Cyngn's total liabilities stand at $2.23 million, with stockholders' equity at approximately $9.70 million. The company's financial statements, audited by Marcum LLP, show a net loss of $11.79 million with a basic and diluted earnings per share of -$12.15. Cyngn plans to offer 3,571,429 securities at $7.00 each, aiming to raise $25 million. The offering will be conducted on a best efforts basis by Maxim Group LLC, which will receive a sales commission of $1.25 million. Legal fees, including...Show More
