Cyngn Inc. (NASDAQ: CYN) shares surged 11.96% in pre-market trading on Wednesday, July 2, 2025, reaching $14.33 after $32M capital raise and NVIDIA partnership boost . This marks a significant jump from the previous day’s closing price of $12.80.
Cyngn (CYN) issued a letter from the CEO, stating, The company has completed a $32 million capital raise last week, fully utilizing its shelf registration. This funding strengthens Cyngn’s balance sheet and enables continued execution of its growth plans, without the need to raise additional capital in the near term. Cyngn is accelerating its product development through new partnerships with NVIDIA.
