An update from Silynxcom Ltd. ( (SYNX) ) is now available.
On April 2, 2025, Silynxcom Ltd. announced the closing of its underwritten public offering of 1,290,000 ordinary shares at $2.25 per share, raising approximately $2.7 million in net proceeds. The company plans to use the funds for working capital and general corporate purposes. This offering, managed by ThinkEquity, also includes an option for underwriters to purchase additional shares to cover over-allotments. The successful closing of this offering is expected to support Silynxcom’s operations and strengthen its financial position in the tactical communication industry.
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 demanding 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 and situational awareness. Silynxcom sells directly to military forces, police, and through specialized distributors, and has strategic partnerships with radio equipment manufacturers.
YTD Price Performance: -51.28%
Average Trading Volume: 29,772
Technical Sentiment Signal: Strong Sell
Current Market Cap: $19M
For detailed information about SYNX stock, go to TipRanks’ Stock Analysis page.