Core Viewpoint - Silynxcom Ltd. has successfully closed an underwritten public offering of 1,290,000 ordinary shares at a price of $2.25 per share, generating approximately $2.9 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering consisted of 1,290,000 ordinary shares priced at $2.25 each, resulting in gross proceeds of about $2.9 million [1]. - The underwriters have a 45-day option to purchase an additional 193,500 ordinary shares to cover over-allotments at the same public offering price [1]. - ThinkEquity served as the sole book-running manager for this offering [2]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be utilized for working capital and general corporate purposes [2]. Group 3: Company Overview - Silynxcom Ltd. specializes in developing, manufacturing, and selling 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 strategic partners in the radio equipment sector [5].
Silynxcom Ltd. Announces Closing of Public Offering