Cyngn Inc. Announces $9.65 Million Registered Direct Offering, Priced at the Market Under Nasdaq Rules

MOUNTAIN VIEW, Calif., March 16, 2026 /PRNewswire/ -- Cyngn Inc. (NASDAQ: CYN) today announced that it has entered into definitive agreements in a registered direct offering with for the purchase and sale of approximately $9.65 million of shares of Common Stock and pre-funded warrants at a price of $1.93 per share of Common Stock.