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- Going Concern (new) — The auditor's report includes a going-concern explanatory paragraph, indicating substantial doubt about Cyngn's ability to continue operating.
Cyngn prices $9.65M offering of 1.69M shares at $1.93 and 3.31M pre-funded warrants
Filed March 17, 2026 · ~1 min read
Key Changes
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Cyngn is offering 1,686,788 shares at $1.93 and 3,313,212 pre-funded warrants at $1.92999, for total gross proceeds of about $9.65M.
The Offering verify on EDGAR → -
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The company estimates net proceeds of approximately $8.8M after fees and expenses, to be used for working capital and general corporate purposes.
Use of Proceeds verify on EDGAR → -
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Existing shareholders face immediate dilution of $1.53 per share, while new investors see accretion of $1.97 per share.
Dilution verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify