Core Viewpoint - Silynxcom Ltd. has announced a public offering of 1,290,000 ordinary shares at a price of $2.25 per share, aiming for gross proceeds of approximately $2.9 million, with the offering expected to close on April 2, 2025 [1][2]. Group 1: Offering Details - The public offering consists of 1,290,000 ordinary shares priced at $2.25 each, targeting gross proceeds of around $2.9 million before expenses [1]. - The underwriters have a 45-day option to purchase an additional 193,500 shares to cover over-allotments [1]. - The offering will be conducted under a shelf registration statement filed with the SEC, which became effective on March 7, 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended primarily for working capital and general corporate purposes [2]. Group 3: Company Overview - Silynxcom Ltd. specializes in developing and manufacturing ruggedized tactical communication headset devices and accessories, which are field-tested and combat-proven [5]. - The company's In-Ear Headsets are designed for use in various high-risk environments, providing active sound protection while maintaining situational awareness [5]. - Silynxcom sells its products directly to military and law enforcement agencies and collaborates with local distributors and radio equipment manufacturers [5].
Silynxcom Ltd. Announces Pricing of Public Offering