Aegis Capital Corp. acted as Exclusive Placement Agent on a $3.5 Million Private Placement for Cyngn Inc. (NASDAQ: CYN)
Cyngn Inc. (NASDAQ: CYN) has completed a $3.5 million private placement with Aegis Capital Corp. acting as the exclusive placement agent. The transaction represents a significant capital raising effort for the company through private investment channels.
Cyngn Inc. (NASDAQ: CYN) ha completato un collocamento privato di 3,5 milioni di dollari con Aegis Capital Corp. che ha agito come agente di collocamento esclusivo. L'operazione rappresenta un importante sforzo di raccolta di capitali per l'azienda attraverso canali di investimento privati.
Cyngn Inc. (NASDAQ: CYN) ha completado una colocaci贸n privada de 3.5 millones de d贸lares con Aegis Capital Corp. actuando como el agente exclusivo de colocaci贸n. La transacci贸n representa un esfuerzo significativo de recaudaci贸n de capital para la empresa a trav茅s de canales de inversi贸n privada.
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Cyngn Inc. (NASDAQ: CYN) a compl茅t茅 un placement priv茅 de 3,5 millions de dollars avec Aegis Capital Corp. agissant en tant qu'agent de placement exclusif. La transaction repr茅sente un effort significatif de lev茅e de capitaux pour l'entreprise par le biais de canaux d'investissement priv茅s.
Cyngn Inc. (NASDAQ: CYN) hat eine private Platzierung in H枚he von 3,5 Millionen US-Dollar abgeschlossen, wobei die Aegis Capital Corp. als exklusiver Platzierungsagent fungierte. Die Transaktion stellt eine bedeutende Kapitalbeschaffungsma脽nahme f眉r das Unternehmen 眉ber private Investitionskan盲le dar.
- Secured $3.5 million in new capital funding
- Potential shareholder dilution from private placement
- Need for additional funding suggests possible cash constraints
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NEW YORK, NY / ACCESSWIRE / November 14, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a
About Cyngn Inc.
Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow existing workforces to increase productivity and efficiency. The Company addresses significant challenges facing industrial organizations today, such as labor shortages, costly safety incidents, and increased consumer demand for eCommerce. Cyngn's DriveMod Kit can be installed on new industrial vehicles at end of line or via retrofit, empowering customers to seamlessly adopt self-driving technology into their operations without high upfront costs or the need to completely replace existing vehicle investments.
For more information, visit
About Aegis Capital Corporation
Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research, sales and trading services to institutional and retail investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.
For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.
Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.
SOURCE: Aegis Capital Corp.
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