01:51 PM EDT, 03/16/2026 (MT Newswires) -- Cyngn ( CYN ) said Monday it has struck a deal to sell shares and pre-funded warrants at $1.93 apiece to raise about $9.65 million for general corporate purposes and working capital.

A single institutional investor acquired over 90% of the direct offering, and an individual investor bought the balance, it said.

The offering is expected to close March 17, with Aegis Capital as placement agent, the autonomous vehicle technology firm said.

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