Israeli combat headset manufacturer, Silynxcom, led by CEO Nir Klein, has filed an IPO application with the U.S. Securities and Exchange Commission. The company plans to list on the NYSE under the ticker SYNX, proposing a sale of 2 million shares priced between $4 and $6 each. The IPO aims to raise approximately $10 million which will be channeled towards research and development, marketing strategies, business development, and various corporate operations.
Silynxcom reported revenues of $7.26 million and a profit of $1.8 million in 2022, equivalent to 58 cents per share. Amidst conflict with Hamas, the company secured a notable order worth $1.825 million from the Israel Defense Forces.
ThinkEquity is managing the underwriting process for the Silynxcom's initial public offering.
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