SCHEDULE 13G: Anson Funds and Affiliates Disclose 9.9% Passive Stake in Cyngn, Inc.

Anson Funds Management LP and its affiliated entities, including Anson Management GP LLC, Anson Advisors Inc., Tony Moore, Amin Nathoo, and Moez Kassam, have disclosed a collective 9.9% passive beneficial ownership stake in Cyngn, Inc.

Summary

• Anson Funds Management LP, Anson Management GP LLC, Tony Moore, Anson Advisors Inc., Amin Nathoo, and Moez Kassam collectively reported beneficial ownership of 2,220,257 shares of Cyngn, Inc. Common Stock.
• This ownership represents 9.9% of Cyngn, Inc.'s outstanding Common Stock.
• The percentage is calculated based on 21,504,186 shares issued and outstanding as of December 31, 2024, plus 720,613 shares receivable from the exercise of warrants.
• The beneficial ownership includes shares of Common Stock underlying outstanding warrants, which are subject to a limitation preventing exercise if it would result in ownership exceeding 9.99% of the outstanding Common Stock.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Cyngn, Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no positive or negative operational or financial news about the issuer. The sentiment is neutral.

Future Outlook

NA

Industry Context

This Schedule 13G filing indicates a significant passive investment by Anson Funds and its affiliates in Cyngn, Inc., a common practice for investment funds to disclose their ownership stakes exceeding 5% in publicly traded companies. Such filings are standard regulatory disclosures and do not inherently imply strategic changes or operational shifts within the issuer's industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive ownership stake by Anson Funds and its affiliates, confirming a large institutional investor's position in the company.

Key Dates

Keywords

Cyngn Inc., Anson Funds Management LP, Anson Management GP LLC, Anson Advisors Inc., Tony Moore, Amin Nathoo, Moez Kassam, Schedule 13G, Beneficial Ownership, Passive Investment, Common Stock, SEC Filing, Investment Fund