Cyngn Inc. (CYN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 0.08% of current shares
Recent Dilution: 1437.19% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
14M
Potential Supply
11K
Additional shares possible
Splits
2 Splits 2 Reverse
Past 2 years

Summary

CYN currently has 14.4M outstanding shares. with limited dilution risk as only 11.4K additional shares (0.1%) are authorized for issuance. The company has significantly diluted shareholders by 1437.19% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 14.4M shares outstanding

14M 11K
Mar 17, 2026

8-K filing: Cyngn Inc. sold 1,686,788 shares of common stock at $1.93 per share and 3,313,212 pre-funded warrants at $1.92999 per warrant in a registered direct offering, resulting in net proceeds of approximately $8.8 million. ($9.65M proceeds)

17M 11K
Nov 19, 2025

10-Q filing | 8.0M shares outstanding

8M 11K
Aug 07, 2025

10-Q filing | 7.0M shares outstanding

7M 11K
Jun 30, 2025

8-K filing: Cyngn Inc. entered into a securities purchase agreement for a registered direct offering of 313,564 shares of common stock and 1,979,769 pre-funded warrants, closing on June 30, 2025, with net proceeds of approximately $14.7 million.

7M 11K
Jun 27, 2025

8-K filing: Cyngn Inc. completed a registered direct offering on June 27, 2025, issuing 192,496 shares of common stock at $5.01 per share and 2,801,516 pre-funded warrants at $5.00999 per warrant, resulting in net proceeds of approximately $12.7 million for general corporate purposes.

4.7M 11K
May 08, 2025

10-Q filing | 1.8M shares outstanding

1.8M 11K
Mar 06, 2025

10-K filing | 1.8M shares outstanding

1.8M 11K
Feb 18, 2025
Stock Split

8-K filing: Stock split 1-for-150 | Outstanding: 27,404,186 → 1,751,824

1.8M 11K
Dec 31, 2024

8-K filing: Cyngn Inc. completed a registered direct offering of 6,650,000 shares of common stock at $0.60 per share and 8,350,000 pre-funded warrants at $0.5999 per warrant, resulting in net proceeds of approximately $8.1 million.

27M 1.7M
Dec 23, 2024

8-K filing: Cyngn Inc. closed a public offering on December 23, 2024, selling 3,076,006 units at $1.61 per unit and 9,346,354 pre-funded units at $1.6099 per unit, resulting in net proceeds of approximately $18.2 million for working capital and other general corporate purposes. ($60.0M proceeds)

2.4M 1.7M
Dec 18, 2024

S-1/A filing: Cyngn Inc. proposes a Best Efforts Secondary Offering of its shares of Common Stock and warrants to purchase Common Stock with Aegis Capital Corp. acting as the placement agent on a "best efforts" basis.

2.4M 4.8M
Nov 27, 2024

S-1 filing: Cyngn Inc. is offering up to 3,062,787 units, each unit consisting of one share of common stock, one Series A Warrant, and one Series B Warrant, as well as up to 3,062,787 pre-funded units, each consisting of one pre-funded warrant exercisable for one share of common stock, one Series A Warrant, and one Series B Warrant.

2.4M 4.8M
Nov 25, 2024

S-3 filing: Selling stockholders are offering 405,125 shares of common stock on a resale basis. The company will not receive any proceeds from the sale of these shares.

2.4M 1.7M
Nov 12, 2024

8-K filing: Cyngn Inc. entered into a securities purchase agreement to sell notes and shares of common stock in a private placement, with gross proceeds expected to be $3.5 million before deductions. ($3.5M proceeds)

2M 1.3M
Nov 07, 2024

10-Q filing | 2.0M shares outstanding

2M 1.3M
Aug 08, 2024

10-Q filing | 2.0M shares outstanding

2M 1.3M
Jul 03, 2024
Stock Split

8-K filing: Stock split 1-for-100 | Outstanding: 141,542,715 → 1,415,427

1.4M 1.3M
May 09, 2024

10-Q filing | 141.5M shares outstanding

140M 130M
Apr 24, 2024

8-K filing: Cyngn Inc. entered into an Underwriting Agreement for a firm commitment underwritten public offering of 19,800,000 shares of common stock and pre-funded warrants to purchase up to 30,200,000 shares of common stock, at a purchase price of $0.10 per Share or $0.09999 per Pre-Funded Warrant, with gross proceeds expected to be $5 million. ($5.0M proceeds)

89M 130M
Apr 23, 2024

S-1/A filing: CYNGN Inc. is offering shares of its common stock and/or pre-funded warrants with a proposed maximum aggregate offering price of $8,000,000.

89M 130M
Apr 12, 2024

S-1 filing: The filing is an S-1 registration statement for offering up to 52,015,605 shares of common stock or Pre-funded warrants to purchase up to an aggregate of 52,015,605 shares of common stock.

89M 130M
Mar 07, 2024

10-K filing | 82.3M shares outstanding

82M 77M
Dec 11, 2023

8-K filing: Cyngn Inc. entered into a Placement Agent Agreement with Aegis Capital Corp. for the sale of 11,466,733 shares of common stock and pre-funded warrants to purchase up to 21,866,600 shares of common stock at a purchase price of $0.15 per share or $0.14999 per pre-funded warrant, with gross proceeds expected to be $5 million. ($5.0M proceeds)

42M 77M
Nov 28, 2023

S-1/A filing: The filing relates to an offering of up to 24,242,424 shares of common stock and pre-funded warrants to purchase up to 24,242,424 shares of common stock.

42M 77M
Nov 14, 2023

S-1 filing: The company is offering up to 24,242,424 shares of common stock and pre-funded warrants to purchase up to 24,242,424 shares of common stock on a best efforts basis, with a proposed amount of $8 million and shares issuable upon exercise of the Pre-funded Warrants.

42M 100M
Nov 09, 2023

10-Q filing | 37.8M shares outstanding

38M 53M
Oct 30, 2023
Stock Split

8-K filing: Stock split | Outstanding: 33,794,325 → 37,173,757

37M 53M
Aug 10, 2023

10-Q filing | 33.8M shares outstanding

34M 48M
May 31, 2023

S-3/A filing: Cyngn Inc. is offering common stock, preferred stock, warrants, rights, or a combination of these securities, or units, for an aggregate initial offering price of up to $50,000,000.

34M 48M
May 11, 2023

10-Q filing | 33.7M shares outstanding

34M 48M
May 02, 2023

S-3 filing: The company is filing an S-3 to offer common stock, preferred stock, warrants, rights, or a combination of these securities, or units, for an aggregate initial offering price of up to $50,000,000.

34M 48M
Mar 17, 2023

10-K filing | 31.2M shares outstanding

31M 0
Jan 09, 2023

POS AM filing: This prospectus relates to the offering and resale of 6,525,633 shares of common stock by selling stockholders, including shares issuable upon exercise of outstanding common stock warrants.

74K 0
Nov 10, 2022

10-Q filing | 33.6M shares outstanding

34M 13M
Aug 11, 2022

10-Q filing | 30.7M shares outstanding

31M 13M
May 12, 2022

S-1 filing: The selling stockholders are offering on a resale basis an aggregate of 12,903,226 shares of common stock.

31M 13M
May 12, 2022

10-Q filing | 30.9M shares outstanding

31M 13M
Apr 29, 2022

8-K filing: Cyngn Inc. entered into a Securities Purchase Agreement for a private placement offering, selling 3,790,322 shares of common stock and 2,661,291 pre-funded warrants, along with investor warrants, for gross proceeds of approximately $20 million. ($20.0M proceeds)

27M 0
Mar 24, 2022

10-K filing | 27.1M shares outstanding

27M 0
Nov 19, 2021

10-Q filing | 26.4M shares outstanding

26M 0
Oct 15, 2021

S-1/A filing: S-1/A filing for common stock and underwriter's warrants.

N/A 0
Sep 30, 2021

S-1/A filing: This is an S-1/A filing for common stock and underwriter's warrants. The Underwriter's Warrants will represent the right to purchase 4% of the aggregate number of shares of common stock sold in this offering, excluding the overallotment option, at an exercise price equal to 125% of the offering price per share.

N/A 0
Sep 03, 2021

S-1 filing: S-1 filing for common stock and underwriter's warrants.

N/A 0
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