SCHEDULE 13G/A: Anson Funds Group Discloses 9.9% Passive Stake in Cyngn, Inc.

Anson Funds Management LP and its affiliated entities have reported a 9.9% beneficial ownership stake in Cyngn, Inc., holding 2,220,257 shares as of December 31, 2024.

Summary

• Anson Funds Management LP, along with Anson Management GP LLC, Mr. Tony Moore, Anson Advisors Inc., Mr. Amin Nathoo, and Mr. Moez Kassam, collectively reported beneficial ownership of 2,220,257 shares of Cyngn, Inc. Common Stock.
• This represents 9.9% of Cyngn, Inc.'s outstanding Common Stock as of December 31, 2024.
• The percentage is calculated based on 21,504,186 shares of Common Stock issued and outstanding, plus 720,613 shares receivable upon exercise of warrants, totaling 22,224,799 shares.
• The beneficial ownership includes shares underlying outstanding warrants, which are subject to a limitation preventing ownership from exceeding 9.99% of the outstanding Common Stock upon exercise.
• All reporting persons share voting and dispositive power over the 2,220,257 shares.
• 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, indicating a significant passive stake by Anson Funds in Cyngn, Inc. It does not contain operational or financial performance data to assess positive or negative sentiment beyond the fact of the investment itself.

Positives

• The disclosure of a significant 9.9% stake by Anson Funds, an institutional investor, may signal confidence in Cyngn, Inc.'s long-term prospects.
• The explicit statement that the investment is for ordinary course of business and not for control indicates a passive investment approach, which can be viewed positively by current management.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of a significant passive investment by an institutional fund group in a publicly traded company. It does not provide specific industry context or competitive analysis.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake and its passive nature.
• Company Management: Awareness of a large, passive institutional investor.

Key Dates

Keywords

Cyngn Inc., Anson Funds Management LP, Anson Management GP LLC, Tony Moore, Anson Advisors Inc., Amin Nathoo, Moez Kassam, Schedule 13G, beneficial ownership, common stock, SEC filing, institutional investment, passive stake