Silynxcom Ltd. Announces Closing of Public Offering
Silynxcom (NYSE American: SYNX) has announced the closing of its underwritten public offering of 1,290,000 ordinary shares at $2.25 per share, raising gross proceeds of approximately $2.9 million. The company has granted underwriters a 45-day option to purchase up to an additional 193,500 ordinary shares to cover over-allotments.
The company develops and manufactures ruggedized tactical communication headset devices and accessories, specializing in In-Ear Headsets used in combat, riot control, and law enforcement. These headsets integrate with professional-grade ruggedized radios and include active sound protection while maintaining ambient environmental awareness.
The net proceeds will be used primarily for working capital and general corporate purposes. ThinkEquity served as the sole book-running manager for the offering, which was made pursuant to an effective shelf registration statement on Form F-3.
Silynxcom (NYSE American: SYNX) ha annunciato la chiusura della sua offerta pubblica garantita di 1.290.000 azioni ordinarie a 2,25 $ per azione, raccogliendo proventi lordi di circa 2,9 milioni di dollari. L'azienda ha concesso ai sottoscrittori un'opzione di 45 giorni per acquistare fino a ulteriori 193.500 azioni ordinarie per coprire sovrallocazioni.
L'azienda sviluppa e produce dispositivi e accessori per cuffie di comunicazione tattica resistenti, specializzandosi in cuffie In-Ear utilizzate in combattimento, controllo delle sommosse e forze dell'ordine. Queste cuffie si integrano con radio resistenti di livello professionale e includono protezione attiva del suono mantenendo la consapevolezza ambientale.
I proventi netti saranno utilizzati principalmente per capitale circolante e scopi aziendali generali. ThinkEquity ha svolto il ruolo di unico gestore di libro per l'offerta, che è stata effettuata ai sensi di una dichiarazione di registrazione di shelf efficace sul modulo F-3.
Silynxcom (NYSE American: SYNX) ha anunciado el cierre de su oferta pública suscrita de 1,290,000 acciones ordinarias a $2.25 por acción, recaudando ingresos brutos de aproximadamente $2.9 millones. La compañía ha otorgado a los suscriptores una opción de 45 días para comprar hasta 193,500 acciones ordinarias adicionales para cubrir sobreasignaciones.
La empresa desarrolla y fabrica dispositivos y accesorios de auriculares de comunicación táctica resistentes, especializándose en auriculares In-Ear utilizados en combate, control de disturbios y aplicación de la ley. Estos auriculares se integran con radios resistentes de grado profesional e incluyen protección activa contra el sonido mientras mantienen la conciencia ambiental.
Los ingresos netos se utilizarán principalmente para capital de trabajo y propósitos corporativos generales. ThinkEquity actuó como el único gerente de libro para la oferta, que se realizó de acuerdo con una declaración de registro de estante efectiva en el Formulario F-3.
Silynxcom (NYSE American: SYNX)는 1,290,000주 보통주를 주당 $2.25에 공모하여 약 $2.9백만의 총 수익을 올렸다고 발표했습니다. 회사는 인수자에게 초과 배정을 커버하기 위해 추가로 193,500주를 구매할 수 있는 45일 옵션을 부여했습니다.
회사는 전투, 폭동 진압 및 법 집행에 사용되는 In-Ear 헤드셋을 전문으로 하는 견고한 전술 통신 헤드셋 장치 및 액세서리를 개발 및 제조합니다. 이러한 헤드셋은 전문 등급의 견고한 라디오와 통합되며, 주변 환경 인식을 유지하면서 능동적인 소음 보호 기능을 포함합니다.
순수익은 주로 운영 자본 및 일반 기업 목적에 사용될 것입니다. ThinkEquity는 이 제공을 위한 유일한 북런닝 매니저로 활동하였으며, 이는 F-3 양식에 따른 유효한 선반 등록 성명에 따라 이루어졌습니다.
Silynxcom (NYSE American: SYNX) a annoncé la clôture de son offre publique souscrite de 1 290 000 actions ordinaires à 2,25 $ par action, levant des produits bruts d'environ 2,9 millions de dollars. La société a accordé aux souscripteurs une option de 45 jours pour acheter jusqu'à 193 500 actions ordinaires supplémentaires afin de couvrir les surallocations.
La société développe et fabrique des dispositifs et accessoires de casques de communication tactique robustes, se spécialisant dans les casques In-Ear utilisés dans les combats, le contrôle des émeutes et l'application de la loi. Ces casques s'intègrent à des radios robustes de qualité professionnelle et incluent une protection active contre le son tout en maintenant la conscience de l'environnement.
Les produits nets seront utilisés principalement pour le fonds de roulement et des fins d'entreprise générales. ThinkEquity a été le seul gestionnaire de livre pour l'offre, qui a été réalisée conformément à une déclaration d'enregistrement de shelf efficace sur le formulaire F-3.
Silynxcom (NYSE American: SYNX) hat den Abschluss seines unterzeichneten öffentlichen Angebots von 1.290.000 Stammaktien zu einem Preis von 2,25 $ pro Aktie bekannt gegeben, wodurch brutto etwa 2,9 Millionen Dollar eingenommen wurden. Das Unternehmen hat den Underwritern eine 45-tägige Option gewährt, um bis zu 193.500 zusätzliche Stammaktien zur Deckung von Überzeichnungen zu kaufen.
Das Unternehmen entwickelt und produziert robuste taktische Kommunikationskopfhörer und Zubehör und spezialisiert sich auf In-Ear-Kopfhörer, die im Kampf, bei der Kontrolle von Unruhen und in der Strafverfolgung eingesetzt werden. Diese Kopfhörer integrieren sich mit professionellen, robusten Radios und bieten aktiven Schutz vor Geräuschen, während sie das Bewusstsein für die Umgebung aufrechterhalten.
Die Nettomittel werden hauptsächlich für Betriebskapital und allgemeine Unternehmenszwecke verwendet. ThinkEquity fungierte als alleiniger Bookrunner für das Angebot, das gemäß einer wirksamen Shelf-Registrierungserklärung auf dem Formular F-3 durchgeführt wurde.
- Product portfolio includes combat-proven tactical communication devices
- Established distribution network with military and law enforcement
- Strategic partnerships with radio equipment manufacturers
- Dilution of existing shareholders through new share issuance
- Relatively small offering size of $2.9 million
- Low share price of $2.25 might indicate market concerns
Insights
Silynxcom has successfully closed its public offering of 1,290,000 ordinary shares priced at
The offering includes an underwriter's option to purchase an additional 193,500 shares within 45 days, potentially increasing total proceeds. ThinkEquity served as the sole book-running manager, indicating a focused distribution approach rather than a broader syndicate.
From a financial perspective, this raise strengthens Silynxcom's balance sheet by providing additional working capital, which could support operations or potential expansion of their ruggedized tactical communication headset business. However, existing shareholders will experience notable dilution from this issuance.
The stated use of proceeds for "working capital and general corporate purposes" is quite broad and provides insight into specific strategic initiatives the company may be pursuing with this capital. The successful completion of this offering demonstrates market access for funding, but the generic purpose designation suggests either operational funding needs or undisclosed strategic flexibility.
For investors, this offering represents a balancing act between improved financial position and ownership dilution, with information available to evaluate potential return on the newly deployed capital.
Netanya, Israel, April 02, 2025 (GLOBE NEWSWIRE) -- Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices as well as other communication accessories, today announced the closing of its previously announced underwritten public offering of 1,290,000 ordinary shares at a public offering price of
The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.
ThinkEquity acted as sole book-running manager for the offering.
The offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-285443), including a base prospectus, that has been filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 28, 2025, and declared effective on March 7, 2025. The final prospectus supplement relating to the offering was filed with the SEC on April 2, 2025, and is available on the SEC's website at http://www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Silynxcom Ltd.
Silynxcom Ltd. develops, manufactures, markets, and sells ruggedized tactical communication headset devices as well as other communication accessories, all of which have been field-tested and combat-proven. The Company's in-ear headset devices, or In-Ear Headsets, are used in combat, the battlefield, riot control, demonstrations, weapons training courses, and on the factory floor. The In-Ear Headsets seamlessly integrate with third party manufacturers of professional-grade ruggedized radios that are used by soldiers in combat or by police officers in leading military and law enforcements units. The Company's In-Ear Headsets also fit tightly into the protective gear to enable users to speak and hear clearly and precisely while they are protected from the hazardous sounds of combat, riots or dangerous situations. The sleek, lightweight, In-Ear Headsets include active sound protection to eliminate unsafe sounds, while maintaining ambient environmental awareness, giving their customers 360° situational awareness. The Company works closely with its customers and seek to improve the functionality and quality of the Company's products based on actual feedback from soldiers and police officers "in the field." The Company sells its In-Ear Headsets and communication accessories directly to military forces, police and other law enforcement units. The Company also deals with specialized networks of local distributors in each locale in which it operates and has developed key strategic partnerships with radio equipment manufacturers.
For additional information about the company please visit: https://silynxcom.com
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. For example, the Company uses forward-looking statements when it discusses: the intended use of proceeds from the offering. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2023 filed with the SEC on April 30, 2024, and other documents filed with or furnished to the SEC which are available on the SEC's website, www.sec.gov. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
For Investor Relations Inquiries
ARX | Capital Market Advisors
North American Equities Desk
ir@silynxcom.com
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