CYNGN Inc. has entered into a significant agreement with Aegis Capital Corp. for an At-The-Market Issuance Sales Agreement. This arrangement allows CYNGN to sell shares of its common stock worth up to $100 million through or to Aegis Capital, acting as a sales agent or principal. The shares will be sold at prevailing market prices or as agreed with the agent. Aegis Capital will receive a commission of up to 3% on the gross proceeds from any shares sold under this agreement. The shares will be issued once the company's registration statement with the SEC becomes effective. This agreement provides CYNGN with the flexibility to raise capital as needed, although there is no obligation for either party to buy or sell shares. The company has also agreed to indemnify Aegis Capital against certain liabilities related to these transactions.