SCHEDULE: Empery Asset Management Discloses 8.66% Passive Stake in Cyngn Inc.

Empery Asset Management, along with Ryan M. Lane and Martin D. Hoe, has disclosed a passive beneficial ownership of 8.66% in Cyngn Inc., totaling 609,342 shares of common stock.

Summary

• Empery Asset Management, LP, Ryan M. Lane, and Martin D. Hoe (collectively "Reporting Persons") have filed a Schedule 13G.
• The Reporting Persons collectively beneficially own 609,342 shares of Cyngn Inc. Common Stock.
• This ownership represents 8.66% of Cyngn Inc.'s outstanding Common Stock.
• The percentage is calculated based on 7,039,266 shares outstanding as of June 27, 2025, as reported in Cyngn Inc.'s Prospectus Supplement.
• The shares include Common Stock issued upon exercise of pre-funded warrants by the Reporting Persons.
• Empery Asset Management, LP serves as the investment manager to the Empery Funds, which hold these shares.
• Ryan M. Lane and Martin D. Hoe, as Managing Members of the General Partner of Empery Asset Management, LP, may be deemed beneficial owners.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Cyngn Inc.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook, as it represents a passive investment.

Positives

• Significant institutional investor interest demonstrated by Empery Asset Management acquiring an 8.66% stake in Cyngn Inc.

Future Outlook

NA

Industry Context

This filing represents a routine disclosure of a significant passive investment by an asset management firm in a publicly traded company, common practice for institutional investors acquiring over 5% of a company's shares without seeking control.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant ownership stakes, potentially signaling institutional confidence.

Next Steps

• Future amendments to this Schedule 13G will be filed on behalf of all undersigned reporting persons.

Key Dates

Recommendation

The Schedule 13G filing indicates a passive investment by Empery Asset Management and its principals in Cyngn Inc. While it signals institutional interest, this type of filing does not provide fundamental financial or operational insights into Cyngn Inc. that would warrant a change in investment recommendation. Further analysis of Cyngn Inc.'s financial performance, strategic initiatives, and market position would be required to make a more definitive investment decision.

Keywords

Cyngn Inc., Empery Asset Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, Passive Investment