SCHEDULE 13G/A: S.H.N. Financial Investments Ltd. Amends Stake in Cyngn Inc., Disclosing 1.4% Beneficial Ownership

S.H.N. Financial Investments Ltd. has filed an amendment to its Schedule 13G, reporting a 1.4% beneficial ownership stake in Cyngn Inc. as of December 31, 2024.

Summary

• S.H.N. Financial Investments Ltd. filed Amendment No. 1 to its Schedule 13G regarding its beneficial ownership in Cyngn Inc.
• The filing reports that S.H.N. Financial Investments Ltd. beneficially owns a total of 3,726,708 shares of Cyngn Inc. Common Stock.
• This ownership represents 1.4% of Cyngn Inc.'s outstanding Common Stock, calculated based on 262,773,516 shares outstanding as reported in Cyngn Inc.'s Form 8-K filed on February 12, 2025.
• The aggregate amount of beneficially owned shares includes Common Shares underlying 1,863,354 Series A Warrants and 1,863,354 Series B Warrants.
• The original Schedule 13G, to which this is an amendment, was filed on December 31, 2024, and covered 545,275 shares of Common Stock purchased on December 23, 2024.
• Nir Shamir, the Chief Executive Officer of S.H.N. Financial Investments Ltd., may be deemed to beneficially own these securities but disclaims beneficial ownership for all other purposes.
• The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Cyngn Inc.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing disclosing beneficial ownership. It does not contain positive or negative operational news, but confirms an institutional investor's passive stake.

Positives

• A financial institution, S.H.N. Financial Investments Ltd., maintains a disclosed stake in Cyngn Inc., indicating continued investment interest.
• The filing explicitly states that the securities were not acquired for the purpose of changing or influencing control, suggesting a passive and non-disruptive investment.

Risks

• The value of the investment held by S.H.N. Financial Investments Ltd. is subject to the market performance and volatility of Cyngn Inc.'s Common Stock.
• The inclusion of warrants in the beneficial ownership calculation means that the exercise of these warrants could lead to dilution for existing shareholders if not managed effectively by Cyngn Inc.

Future Outlook

The document does not provide forward-looking statements or guidance from Cyngn Inc. or S.H.N. Financial Investments Ltd. regarding future performance or strategic direction. It is a disclosure of beneficial ownership.

Management Comments

• "Nir Shamir is the Chief Executive Officer of SHN. As such, SHN and Mr. Shamir may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the securities described herein."
• "To the extent Mr. Shamir is deemed to beneficially own such securities, Mr. Shamir disclaims beneficial ownership of these securities for all other purposes."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

This filing is a routine disclosure of beneficial ownership by an institutional investor. It does not provide specific insights into Cyngn Inc.'s operational performance or broader industry trends, but rather reflects an investment position by S.H.N. Financial Investments Ltd. in a publicly traded company.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding an institutional investor's stake, which can be a factor in market perception. The inclusion of warrants in the beneficial ownership calculation indicates potential future dilution if exercised, though this is a standard feature of warrants.

Key Dates

Keywords

Cyngn Inc., S.H.N. Financial Investments Ltd., Schedule 13G, Beneficial Ownership, Common Stock, Warrants, SEC Filing, Financial Investments, Institutional Investor, CYNG