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Scammer beware… on every site scanning!!!!!
been strong mover since we got in the $1 range
Nice chart
Up again today. $CYN
$3.50 is real money.
JT Marlin may be the broker/hedge fund who front loaded.
Also lots of bagholder above 4 today lol??
Next lev building. Looks like a power hour runner shaping up. $CYN
4.70 sure came fast! $CYN
Cyngn Schedules 2022 First Quarter Financial Results Release and Conference Call
8:05 AM ET 5/2/22 | BusinessWire
MENLO PARK, Calif.--(BUSINESS WIRE)--May 02, 2022--
Cyngn (or the "Company") (NASDAQ: CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications, today announced that it will release financial results for the first quarter ended March 31, 2022, after the close of the stock market on Wednesday, May 11, 2022. The Company will discuss those results in a conference call at 2 p.m. PT/5 p.m. ET that same day.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220502005223/en/
Cyngn will release financial results for the first quarter ended March 31, 2022, after the close of the stock market on May 11, 2022. The Company will also host its earnings call that same day. Source: Cyngn
Participant Dial-in Numbers
U.S. & Canada (Toll-Free): (877) 407-9753
International (Toll): (201) 493-6739
To access the call, please dial in approximately five minutes before start time. The Company encourages all participants to also log into the live webcast as it expects to broadcast a short video showcasing a new product.
Webcast
The call will be available via online webcast at the "Events & Presentations" page of Cyngn's Investor Relations website: https://investors.cyngn.com/events-presentations/.
Those who are unable to attend the live conference call may access the recording shortly after the conclusion of the call at the above webcast link or at the "Investor Relations" page of the Company's website (https://investors.cyngn.com/).
About Cyngn
Cyngn is an autonomous vehicle technology company that is focused on addressing industrial uses for autonomous vehicles. Cyngn believes that technological innovation is needed to enable adoption of autonomous industrial vehicles that will address the substantial industry challenges that exist today. These challenges include labor shortages, lagging technological advancements from incumbents, and high upfront investment requirements. Cyngn addresses these challenges with its Enterprise Autonomy Suite, which includes DriveMod (modular industrial vehicle autonomous driving software), Cyngn Insight (customer-facing software suite for monitoring/managing AV fleets and aggregating/analyzing data), and Cyngn Evolve (internal toolkit that enables Cyngn to leverage data from the field for artificial intelligence, simulation, and modeling).
To learn more, please visit https://cyngn.com/.
Find Cyngn on:
Website: https://cyngn.com
Twitter: http://twitter.com/cyngn
LinkedIn: https://www.linkedin.com/company/cyngn
YouTube: https://www.youtube.com/channel/UCkoWXxftvGOXcJZv_mRH23w
Advanced Autonomy Podcast: https://podcast.cyngn.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20220502005223/en/
CONTACT: Carolyne Sohn
Vice President, The Equity Group
csohn@equityny.com
(415) 568-2255
SOURCE: Cyngn
Copyright Business Wire 2022
> Dow Jones Newswires
May 02, 2022 08:05 ET (12:05 GMT)
Good morning looks like another great start to the week. May God bless.
$6+ as expected CYN!
Cyngn Announces Closing of $20 Million Private Placement Priced At-the-Market
4:20 pm ET April 29, 2022 (BusinessWire) Print
Cyngn (or the "Company") (NASDAQ: CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications, today closed its previously announced private placement pursuant to a securities purchase agreement entered into on April 28, 2022 with certain institutional and accredited investors for aggregate gross proceeds of approximately $20 million, before deducting fees to the placement agent and other offering expenses payable by the Company.
In connection with the offering, the Company issued 6,451,613 units and pre-funded units at a purchase price of $3.10 per unit, priced at-the-market under Nasdaq rules. The pre-funded units were sold at the same price, less the pre-funded warrant exercise price of $0.001. Each unit and pre-funded unit consist of one share of common stock or common stock equivalent, and one non-tradable warrant exercisable for one share of common stock for $2.98 (for a total of 6,451,613 shares underlying the warrants). The warrant has a term equal to five years from the issuance date. No actual units were issued in the offering.
Aegis Capital Corp. acted as the Exclusive Placement Agent in connection with the offering.
Additional details regarding the offering will be available in a Form 8-K to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC").
The shares of common stock and warrants described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (SEC) or an applicable exemption from such registration requirements. The securities were offered only to accredited investors. Pursuant to a registration rights agreement with the investors, the Company has agreed to file one or more registration statements with the SEC covering the resale of the shares of common stock and the shares issuable upon exercise of the warrants.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Cyngn
Cyngn is an autonomous vehicle technology company that is focused on addressing industrial uses for autonomous vehicles. Cyngn believes that technological innovation is needed to enable adoption of autonomous industrial vehicles that will address the substantial industry challenges that exist today. These challenges include labor shortages, lagging technological advancements from incumbents, and high upfront investment requirements. Cyngn addresses these challenges with its Enterprise Autonomy Suite, which includes DriveMod (modular industrial vehicle autonomous driving software), Cyngn Insight (customer-facing software suite for monitoring/managing AV fleets and aggregating/analyzing data), and Cyngn Evolve (internal toolkit that enables Cyngn to leverage data from the field for artificial intelligence, simulation, and modeling).
To learn more, please visit https://cyngn.com/.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "may", "could", "expects", "projects," "intends", "plans", "believes", "predicts", "anticipates", "hopes", "estimates" and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon several assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the Company's control. Actual results (including the anticipated benefits of the offering described herein) may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors described in the Company's filings with the SEC. The forward-looking statements are applicable only as of the date on which they are made, and the Company does not assume any obligation to update any forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220428006399/en/
SOURCE: Cyngn">
Carolyne Sohn
Vice President, The Equity Group
csohn@equityny.com
(415) 568-2255
comtex tracking
CYN is trending on Twitter and StockTwits, despite the choppy market. In this type of trading environment sentiment becomes even more important. Remember, markets are not perfectly rational, so take advantage of this information.
Big shake attempts all week, $6+ Monday EZ or in A/H today possible....
We could see a squeeze come Monday. We have traded the float several times in the last ten days.
Agree, especially w/ today's 23M+ vol.
We should also see news on the closing of the offering.
Monday news > MEGA - GAPPER > Hope to see a nice CYN PR/Contract/News.
Less traders and More investors now buying CYN shares.
Amazon / FEDEX/WEGMANS/ UPS / Kroger/ Walmart contracts would send CYN to $25.00+
You bet ! An amazing run along with heavy volume!
CYN
All free shares now, what a fantastic week.
Great week indeed! Markets down big today, this thing continues to BEAST! re-loaded some @ $5
Best!
More accumulation in the 4.6 zone. Very good sign of major strength.
That's good to hear Laszlo, great long term hold here. May God bless.
Hi brother, the offering is expected to close on or about April 29, 2022, subject to the satisfaction of customary closing conditions. Maybe it has already closed. I would think news will come out soon.
any news behind this move?
$CYN $4.92 BREAK & We have some FUN https://t.co/rBxomQj3FN pic.twitter.com/vGYpYp5e0Z
— Stockwits Acade〽️y (@mikalche) April 29, 2022
Hi Dawg, my friend. What a great week and many more to come. May God bless.
Been a sweet runner, all for now and $$$$ TGIF!
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Website: cyngn.com
Twitter: twitter.com/cyngn
LinkedIn: https://www.linkedin.com/company/cyngn
YouTube: https://www.youtube.com/@cyngnhq
https://www.prnewswire.com/news-releases/cyngn-scales-up-commercialization-of-autonomous-vehicle-solutions-in-first-quarter-2024-302147277.html
https://www.prnewswire.com/news-releases/cyngn-granted-extension-for-continued-listing-on-nasdaq-302067909.html
https://www.vox.com/2017/10/12/16465168/cyanogen-android-cyngn-autonomous-vehicles
https://www.prnewswire.com/news-releases/cyngn-joins-john-deere-supply-base-302123835.html
https://www.cyngn.com/pr/robotlab-orders-initial-fleet-of-10-drivemod-tuggers-joins-cyngn-distributor-network
https://www.cyngn.com/pr/cyngn-completes-initial-drivemod-tugger-deployment-with-rivian
https://www.cyngn.com/pr/customer-renews-contract-as-cyngns-autonomous-vehicles-yield-4x-efficiency-gain
$10 Million Cash NO DEBT! https://www.prnewswire.com/news-releases/cyngn-reports-first-quarter-2024-financial-results-302138805.html
Recent Operating Highlights:
Joined John Deere supply base.
Completed initial DriveMod Tugger deployment with Rivian.
Received a notice of allowance for a 20th U.S. patent (with 19 U.S. patents granted to-date).
RobotLAB joined the Cyngn Distributor Network.
Released first video footage of AI-powered autonomous DriveMod Tugger by Motrec.
Renewed deployment contract with U.S. Continental, achieving 4x gains in efficiency.
Announced that the next-gen DriveMod Kit will harness Nvidia AI computers.
Financial Performance (Q1 2024):
First quarter revenue was $5.5 thousand compared to $872.8 thousand in Q1 2023.
Revenue in Q1 2024 consisted of EAS software subscriptions from DriveMod Stock chaser vehicle deployments.
Total costs and expenses in Q1 2024 were $6.0 million, down from $6.7 million in Q1 2023.
Decrease in G&A expenses due to personnel cost reduction and savings on general office expenses1.
Growth Prospects: Cyngn aims to grow sales with target customers, including Deere, and streamline customer acquisition costs through advancements in mapping and deployment tools1.
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