Exyn Technologies Closes $19.4 Million IPO

MT Newswires Live

05/19

Exyn Technologies (EXYN) closed its initial public offering of 2.5 million units priced at $7.75 each, raising gross proceeds of about $19.4 million, the company said Monday.

The shares and warrants began trading on the Nasdaq Capital Market on May 15 under the symbols EXYN and EXYNW, respectively.

Exyn said it plans to use the proceeds for growth capital, working capital, debt repayment and general corporate purposes.

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