This is the 15622nd most frequent Russian word.
признав
"Признав" means "having admitted" or "having recognized."
This usage shows 'признав' as a gerund meaning 'having admitted', defining an action he took.
Признав свою ошибку, он извинился перед коллегами.
Having admitted his mistake, he apologized to his colleagues.
Here, 'признав' means 'having recognized', describing a context before taking action.
Признав проблему важной, они решили сосредоточиться на её решении.
Having recognized the importance of the problem, they decided to focus on its solution.
'Признав' is used here as 'acknowledging', displaying recognition of a quality before a response.