Recent Updates — SYNX
On October 1, 2026, Silynxcom Ltd. entered into an ATM Sales Agreement with Think Equity LLC to offer and sell ordinary shares from time to time through at-the-market offerings. The company is not obligated to sell any specific amount of shares under this agreement. Net proceeds will be used for working capital and general corporate purposes. The sales agent receives a commission of 3.0% of aggregate gross proceeds. Silynxcom Ltd. operates in the technology sector, specializing in semiconductor solutions.
Silynxcom Ltd. reported unaudited financial results for the six months ended June 30, 2026, showing revenue of $6.2 million, a 174% increase from $2.3 million in H1-2025, driven by significant growth in Asia and two major contracts. Gross profit rose 338% to $3.6 million, while the operating loss narrowed to $0.7 million from $1.6 million previously. The company incurred a net loss of $732 thousand and held $2.6 million in cash. Additionally, on August 24, 2026, the Company was notified that Ran Nir and Smadar Nir filed a statement of claim in Israel alleging wrongful control of the family business and seeking monetary damages or share transfers against CEO Nir Klein and director Gal Nir Klein. Silynxcom Ltd. develops, manufactures, and sells ruggedized tactical communication headset devices for military and law enforcement use.
On August 24, 2026, Silynxcom Ltd. was notified that Ran and Smadar Nir filed a statement of claim in the Central District Court of Israel against the Company, its U.S. subsidiary, CEO Nir Klein, and VP Gal Nir Klein. The Plaintiffs allege that the executives wrongfully took control by exploiting the alleged incapacity of their late mother, Ruth Nir, using an invalid proxy to execute a 2017 Change of Control document. This transaction allegedly resulted in the issuance of 9,833,333 shares to Nir Klein while Ruth Nir retained only 1,000,000 shares (approximately 6%). The Plaintiffs further allege that Nir Klein acquired a 25% equity interest from Shamrock investors for $250,000 in November 2019 without their knowledge and implemented a share-exchange restructuring in 2021-2022. The Plaintiffs seek monetary damages of NIS 16,926,866 or the transfer of 650,694 Company shares to each Plaintiff. Silynxcom Ltd. disputes these allegations and intends to defend the matter vigorously. Silynxcom Ltd. operates in the telecommunications industry, providing wireless communication solutions.
On July 7, 2026, Silynxcom Ltd. announced the successful delivery of a $3 million order of advanced tactical communication solutions to a military customer in Asia. The company operates in the defense electronics industry, providing tactical communication systems.