IPO - Silynxcom Ltd.

Form Type: CORRESP

Filing Date: 2025-03-05

Corporate Action: Ipo

Type: New

Accession Number: 000121390025020544

Filing Summary: Silynxcom Ltd. is requesting an acceleration of the effective date for their Registration Statement No. 333-285443 on Form F-3. They aim for the Registration Statement to become effective on March 7, 2025, at 4:30 p.m. Eastern Time. This acceleration indicates the company's commitment to fulfill its responsibilities under the Securities Act relating to a proposed public offering. The CEO, Nir Klein, has signed the correspondence and has provided a contact for notification regarding the status of the acceleration.

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Form Type: F-1/A

Filing Date: 2025-01-10

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025002646

Filing Summary: Silynxcom Ltd. is amending its registration statement for a firm commitment public offering of 1,020,408 ordinary shares, listed on the NYSE American under the symbol 'SYNX'. This offering aims to enhance the company's market presence and follows their initial public offering on January 17, 2024. The company, identified as an emerging growth entity, is strategically positioned in the tactical communication headset market, servicing military and law enforcement entities. Their In-Ear Headsets, designed for combat and hazardous environments, have seen increased demand, especially from the Israel Defense Forces (IDF). The offering price is projected at $4.90 per share, with the actual price to be determined later. Silynxcom's recent developments include securing significant orders from military clients and expanding international distribution agreements, particularly in the Asia-Pacific region. The company emphasizes risk factors and operational strategies to enhance growth, including technological innovation and market expansion into regions like Southeast Asia and Latin America. The funding from this IPO is anticipated to support ongoing research, development, and market penetration efforts. The prospectus warns that the information is preliminary and subject to change until final financial statements are audited and confirmed.

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