Silynxcom Ltd. ( (SYNX) ) has shared an update.
On March 31, 2025, Silynxcom Ltd. announced the pricing of an underwritten public offering of 1,290,000 ordinary shares at $2.25 per share, aiming to raise approximately $2.9 million before expenses. The offering, managed by ThinkEquity, is expected to close on April 2, 2025, and includes a 45-day option for underwriters to purchase additional shares. The proceeds will be used for working capital and general corporate purposes, potentially impacting Silynxcom’s operational capabilities and market positioning.
More about Silynxcom Ltd.
Silynxcom Ltd. is a company that develops, manufactures, markets, and sells ruggedized tactical communication headset devices and other communication accessories. These products are field-tested and combat-proven, used in various high-stakes environments such as combat, riot control, and weapons training. The company’s In-Ear Headsets integrate with professional-grade ruggedized radios used by military and law enforcement units, providing active sound protection while maintaining situational awareness. Silynxcom collaborates closely with its customers, including military forces and police units, and has strategic partnerships with radio equipment manufacturers.
YTD Price Performance: -7.65%
Average Trading Volume: 26,906
Technical Sentiment Signal: Strong Sell
Current Market Cap: $19.79M
For an in-depth examination of SYNX stock, go to TipRanks’ Stock Analysis page.