Cyngn Clears All Outstanding Cashless Warrants from December Capital Raise
Today, Cyngn Inc. (NASDAQ: CYN) announced that all outstanding Series B cashless warrants have been fully exercised. These warrants were originally issued in connection with a public offering that closed on December 23, 2024. As part of that transaction, the Company entered into a securities purchase agreement (the "Purchase Agreement") for the sale of 3,076,006 shares of its common stock, par value $0.00001 per share ("Common Stock"), and 9,346,354 Pre-Funded Warrants to purchase shares of Comm