Empery Asset Mgmt. Boosts Cyngn Stake to 7.7M Shares

TL;DR

**Empery Asset Management now controls 7.7 million Cyngn shares, a big institutional bet!**

AI Summary

Empery Asset Management, LP, a Delaware-based investment firm, filed an amended SC 13G/A on January 23, 2024, disclosing its beneficial ownership in Cyngn Inc. As of December 31, 2023, Empery holds shared voting power over 2,107,680 shares of common stock and 5,599,742 shares of common stock issuable from pre-funded warrants. This significant stake, totaling 7,707,422 shares, represents a substantial investment in Cyngn Inc. and indicates Empery's continued interest in the company's future performance, which could influence stock price stability or volatility.

Why It Matters

This filing shows a major institutional investor, Empery Asset Management, LP, has a significant stake in Cyngn Inc., which can signal confidence or potential influence over the company's direction.

Risk Assessment

Risk Level: medium — While a large institutional holder can provide stability, their future actions (buying or selling) could significantly impact the stock price.

Analyst Insight

An investor should monitor future filings from Empery Asset Management, LP to track any changes in their substantial holding, as significant buying or selling could impact Cyngn Inc.'s stock price.

Key Numbers

• 2,107,680 — Common Stock Shares (Shares of Cyngn Inc. common stock with shared voting power held by Empery Asset Management, LP as of December 31, 2023.)
• 5,599,742 — Pre-Funded Warrant Shares (Shares of Cyngn Inc. common stock issuable upon exercise of Pre-Funded Warrants held by Empery Asset Management, LP as of December 31, 2023.)
• 7,707,422 — Total Beneficial Shares (The combined total of common stock and shares from pre-funded warrants beneficially owned by Empery Asset Management, LP.)
• 20240123 — Filing Date (The date the SC 13G/A amendment was filed with the SEC.)
• 0001874097 — Cyngn CIK (The Central Index Key for Cyngn Inc., used for SEC filings.)

Key Players & Entities

• Empery Asset Management, LP (company) — the reporting person and institutional investor
• Cyngn Inc. (company) — the subject company whose securities are being reported
• 2,107,680 shares (dollar_amount) — common stock with shared voting power held by Empery
• 5,599,742 shares (dollar_amount) — common stock issuable upon exercise of Pre-Funded Warrants held by Empery
• December 31, 2023 (date) — the date of the event requiring the filing
• Delaware (company) — place of organization for Empery Asset Management, LP

Forward-Looking Statements

• Empery Asset Management, LP will maintain its significant stake in Cyngn Inc. for the next 6-12 months. (Empery Asset Management, LP) — medium confidence, target: 2025-01-23
• Cyngn Inc.'s stock price will experience increased stability due to the large institutional holding. (Cyngn Inc.) — low confidence, target: 2024-07-23

FAQ

Key Financial Figures

• $0.00001 — Inc. (Name of Issuer) Common Stock, $0.00001 par value (Title of Class of Securitie

Filing Documents

• p24-0289sc13ga.htm (SC 13G/A) — 78KB
• 0000902664-24-000513.txt ( ) — 79KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Cyngn Inc. (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 1015 O'Brien Drive, Menlo Park, CA 94025.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by the entities and persons listed below, who are collectively referred to herein as " Reporting Persons ," with respect to the Common Stock (as defined in Item 2(d) below) of the Company: Investment Manager (i) Empery Asset Management, LP (the " Investment Manager "), with respect to the shares of Common Stock held by, and underlying the Reported Warrants (as defined below) held by, funds to which the Investment Manager serves as investment manager (the " Empery Funds "). Reporting Individuals (ii) Mr. Ryan M. Lane (" Mr. Lane "), with respect to the shares of Common Stock held by, and underlying the Reported Warrants held by, the Empery Funds. (iii) Mr. Martin D. Hoe (" Mr. Hoe "), with respect to the shares of Common Stock held by, and underlying the Reported Warrants held by, the Empery Funds. The Investment Manager serves as the investment manager to each of the Empery Funds. Each of Mr. Lane and Mr. Hoe (the " Reporting Individuals ") is a Managing Member of Empery AM GP, LLC (the " General Partner "), the general partner of the Investment Manager.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of each of the Reporting Persons is: 1 Rockefeller Plaza, Suite 1205 New York, New York 10020 CUSIP No. 23257B107 13G/A Page 6 of 9 Pages

(c)

Item 2(c). CITIZENSHIP: Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $0.00001 par value (the " Common Stock ")

(e)

Item 2(e). CUSIP NUMBER: 23257B107 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act, (b) ¨ Bank as defined in Section 3(a)(6) of the Act, (c) ¨ Insurance Company as defined in Section 3(a)(19) of the Act, (d) ¨ Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) x Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940, (f) ¨ Employee Benefit Plan or Endowment Fund in accordance with Rule 13d1(b)(1)(ii)(F), (g) ¨ Parent Holding Company or control person in accordance with Rule 13d1(b)(1)(ii)(G), (h) ¨ Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) ¨ Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940, (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 23257B107 13G/A Page 7 of 9 Pages Item 4. The information as of the date of the event which requires filing of this statement required by Items 4(a) – (c) is set forth in Rows 5 – 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentage set forth in Row 11 of the cover page for each Reporting Person is based on 53,273,756 shares of Common Stock issued and outstanding as of December 11, 2023, as represented in the Company's Prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b)(4) on December 11, 2023 and assumes the exercise of the Company's reported warrants (the " Reporte

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: January 23, 2024 EMPERY ASSET MANAGEMENT, LP By: EMPERY AM GP, LLC, its General Partner By: /s/ Ryan M. Lane ___________________ Name: Ryan M. Lane Title: Managing Member /s/ Ryan M. Lane ______________________ Ryan M. Lane /s/ Martin D. Hoe ______________________ Martin D. Hoe

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View this SC 13G/A filing on SEC EDGAR