$Cyngn (CYN.US)$ Massive downside! will this company ever recover ??

$Cyngn (CYN.US)$
• Cyngn (NASDAQ:CYN) announced the pricing of a follow-on offering, priced at the market, with gross proceeds to the company expected to be ~$20M.
• The offering includes 12.42 million common units, each consisting of one share of common stock or one pre-funded warrant, plus one Series A warrant and one Series B warrant, each allowing the purchase of one share of common stock.
• The public offering price per common unit is $1.61.
• The pre-funded warrants will be immediately ...

$Cyngn (CYN.US)$  The public offering price per Common Unit is $1.61