CYNGN Inc. Enters $100 Million At-The-Market Sales Agreement with Aegis Capital Corp
Reuters
Sep 06
CYNGN Inc. Enters $100 Million At-The-Market Sales Agreement with Aegis Capital Corp
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.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CYNGN Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-085151), on September 05, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.