Cyngn Inc. $(CYN)$ has announced a registered direct offering, securing approximately $15 million through agreements with a single institutional investor. The offering involves the purchase and sale of shares of Common Stock and pre-funded warrants at a price of $5.01 per share. Aegis Capital Corp. is serving as the exclusive placement agent, with Sichenzia Ross Ference Carmel LLP and Kaufman & Canoles, P.C. acting as legal counsel for the company and Aegis Capital Corp., respectively. The offering is being made under an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission $(SEC.UK)$. Further details, including a prospectus supplement, will be available through the SEC's website.