Cyngn Shares Climb on $32 Million Capital Raise

Dow Jones

Jul 02

By Dean Seal

Shares of Cyngn jumped after the company said it has raised $32 million last week and is funded through 2027.

The stock was up 10% at $14.12 in early trading. Shares have fallen 89% since the start of the year.

The developer of autonomous vehicle technology for industrial organizations said before the opening bell Wednesday that it has completed the capital raise, fully utilizing its shelf registration.

"This funding strengthens our balance sheet and enables us to continue executing our growth plans, without the need to raise additional capital in the near term," Chief Executive Lior Tal said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

July 02, 2025 10:49 ET (14:49 GMT)

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Shares have fallen 89% since the start of the year. \n\n\n  The developer of autonomous vehicle technology for industrial organizations said before the opening bell Wednesday that it has completed the capital raise, fully utilizing its shelf registration. \n\n\n  \"This funding strengthens our balance sheet and enables us to continue executing our growth plans, without the need to raise additional capital in the near term,\" Chief Executive Lior Tal said. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 02, 2025 10:49 ET (14:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}