** Shares of communications equipment firm Silynxcom Ltd SYNX.N down 39.5% premarket to $2.19, over 5-mth low, after follow-on priced
** Israel-headquartered maker of ruggedized tactical communication headset devices and accessories late Mon sold 1.29 mln shares at $2.25 for $2.9 mln raise
** Offering price represents 37.8% discount to stock's last close
** Co plans to use net offering proceeds for working capital and general purposes
** As of Mar 26, co had ~5.3 mln shares outstanding, per the SEC prospectus filing
** Co went public after Jan 2024 IPO of 1.25 mln shares priced at $4
** ThinkEquity sole bookrunner for the latest offering
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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