InvestorNewsBreaks – Cyngn Inc. (NASDAQ: CYN) Closes $9M Registered Direct
Cyngn (NASDAQ: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, has announced the closing of its registered direct offering priced at-the-market under Nasdaq rules for the purchase and sale of an aggregate of 15,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $0.60 per share (or $0.5999 for each pre-funded warrant). Cyngn secured gross…