InvestorNewsBreaks – Cyngn Inc. (NASDAQ: CYN) Closes on $5M in Public Offering
Cyngn (NASDAQ: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, recently announced the closing of its public offering. The offering was made on a firm commitment basis with gross proceeds of $5.0 million, before deductions. According to the announcement, the offering consisted of 50,000,000 shares of common stock and pre-funded warrants, with each sold at a purchase price of $0.10 per…