Aegis Capital Corp. acted as Exclusive Placement Agent on a $3.5 Million Private Placement for Cyngn Inc. (NASDAQ: CYN)
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Aegis Capital Corp. served as the exclusive placement agent for a $3.5 million private placement for Cyngn Inc., a company specializing in autonomous vehicle technology for industrial use.
November 14, 2024 | 3:30 pm
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Cyngn Inc. secured $3.5 million through a private placement, facilitated by Aegis Capital Corp., to enhance its autonomous vehicle technology for industrial applications.
The successful private placement of $3.5 million provides Cyngn Inc. with additional capital to further develop its autonomous vehicle technology. This financial boost is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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