Silynxcom announces closing of initial public offering

Netanya, israel, jan. 17, 2024 (globe newswire) -- silynxcom ltd. (nyse american: synx) (“silynxcom” or the “company”), a manufacturer and developer of ruggedized tactical communication headset devices as well as other communication accessories, today announced the closing of its initial public offering of 1,250,000 ordinary shares at a public offering price of $4.00 per share, for gross proceeds of $5,000,000, before deducting underwriting discounts and before offering expenses. in addition, the company has granted the underwriter a 45-day option to purchase up to an additional 187,500 ordinary shares to cover over-allotments at the initial public offering price, less the underwriting discount.
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