Silynxcom (SYNX) Prices 1.25M Share IPO at $4/sh

Silynxcom Ltd. (NYSE American: SYNX) today announced the pricing of its initial public offering of 1,250,000 ordinary shares at a price to the public of $4.00 per share, for gross proceeds of $5,000,000, before deducting underwriting discounts and offering expenses. In addition, Silynxcom has granted the underwriters a 45-day option to purchase up to an additional 187,500 ordinary shares to cover over-allotments at the public offering price, less the underwriting discount.

The Company intends to use the proceeds for marketing, business development, research and development, working capital and general corporate purposes.

The ordinary shares are expected to begin trading on the NYSE American on January 12, 2024 under the symbol “SYNX.” The offering is expected to close on January 17, 2024, subject to satisfaction of customary closing conditions.

ThinkEquity is acting as sole book-running manager for the offering.

A registration statement on Form F-1 (File No. 333-275195) relating to this offering was filed with the Securities and Exchange Commission (“SEC”) and became effective on January 11, 2024. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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