Silynxcom Ltd. Secures Vital Funding Through Share Offering

Silynxcom Ltd. Executes Strategic Public Offering
Today marks an important milestone for Silynxcom Ltd. (NYSE American: SYNX), a company renowned for its cutting-edge tactical communication headset devices. The firm has recently announced the pricing of a public offering, showcasing its commitment to innovation and growth.
Details of the Offering
The company will issue 1,290,000 ordinary shares at a price of $2.25 per share, yielding approximately $2.9 million in gross proceeds. This offering will be fully underwritten, and all shares are being offered directly by Silynxcom. Furthermore, an option has been granted to the underwriters to purchase an additional 193,500 shares for over-allotments within a 45-day period, enhancing the financial flexibility of the company.
Utilization of Proceeds
Silynxcom intends to primarily allocate the net proceeds from this offering towards working capital and various corporate purposes. This strategy reflects the company's ongoing investment in its product lines and market expansion efforts.
Role of ThinkEquity
ThinkEquity has taken on the role of the sole book-running manager for this offering, guiding Silynxcom through this process to ensure successful capital acquisition.
Compliance and Regulatory Framework
The public offering will be conducted in compliance with a shelf registration statement on Form F-3, which has been filed with and approved by the U.S. Securities and Exchange Commission (SEC). This regulatory approval provides a robust framework for the offering and reassures potential investors.
Access to Prospectus Information
A prospectus supplement detailing the offering terms will shortly be available on the SEC’s website. Additionally, copies can be requested directly from ThinkEquity, located at 17 State Street, 41st Floor, New York, NY 10004.
About Silynxcom Ltd.
Silynxcom Ltd. focuses on designing and manufacturing state-of-the-art tactical communication headset devices and accessories. Their products are rigorously tested and have proven themselves in challenging environments including combat zones and law enforcement scenarios. The company’s In-Ear Headsets integrate seamlessly with professional-grade rugged radios used by military and law enforcement personnel, ensuring clear communication amidst hazardous conditions.
Commitment to Quality and Innovation
The company continuously seeks to improve its product offerings based on feedback from frontline users such as soldiers and police officers. This dedication to quality and user-centered design has made Silynxcom a trusted name in tactical communication solutions.
Contact for Investor Relations
For those interested in learning more about the firm, investor relations inquiries can be directed to ARX Capital Market Advisors at ir@silynxcom.com.
Frequently Asked Questions
What is the nature of the public offering by Silynxcom Ltd.?
Silynxcom Ltd. is offering 1,290,000 ordinary shares at $2.25 each, hoping to raise around $2.9 million for essential company operations.
Who is managing the public offering?
ThinkEquity is acting as the sole book-running manager for this public offering, overseeing the transaction.
How will the proceeds from the offering be used?
The proceeds will primarily be funneled into working capital and general corporate purposes to support Silynxcom's growth and product development.
Where can I find additional details about the offering?
Further details including a prospectus will be available on the SEC’s website, as well as through ThinkEquity's offices.
What products does Silynxcom Ltd. specialize in?
Silynxcom specializes in ruggedized tactical communication headsets and accessories, designed for high-pressure environments like combat and law enforcement scenarios.
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