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

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Silynxcom Ltd. Announces Pricing of Initial Public Offering

January 11, 2024 7:44 PM EST

Netanya, Israel, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Silynxcom Ltd. (the Company or Silynxcom) (NYSE American: SYNX), a manufacturer and developer of ruggedized tactical communication headset devices as well as other communication accessories, 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... More