Silynxcom (SYNX) opens a $1.3 million at-the-market share sale with ThinkEquity: size, dilution and the stock reaction
The program is sized at almost exactly one-third of the company's public float, the most a small issuer may sell from a shelf in a year.
- Silynxcom signed an at-the-market agreement with ThinkEquity on October 1, 2026 for up to $1.3 million of ordinary shares, with a 3.0% commission.
- The size is just under one-third of a $4.02 million public float; the filing illustrates 1.3 million new shares against 6.63 million outstanding.
- SYNX fell 2.97% in the ten minutes after the 4:09 p.m. ET headline on October 2, from 1.01 to 0.98, on about 3,000 shares.
Reaction by asset (real prices)
| Asset | 2m before | At release | +1m | +10m | +1m % | +10m % |
|---|---|---|---|---|---|---|
| SYNX | 1.01 | 1.01 | 1.01 | 0.98 | 0.00% | -2.97% |
Silynxcom (NYSE American: SYNX) signed an at-the-market sales agreement with ThinkEquity on October 1, 2026 under which it may sell up to $1.3 million of ordinary shares over time, and it filed the prospectus supplement the next day. The news reached the tape at 4:09 p.m. ET on Friday, October 2. SYNX was unchanged at 1.01 one minute later and traded at 0.98 after ten minutes, a decline of 2.97% on about 3,000 shares.
Why the program is $1.3 million and no larger
Silynxcom makes tactical in-ear headsets for soldiers and police from Netanya, Israel, and it is small enough to fall under the SEC rule that limits shelf sales to one-third of the public float in any twelve months. The prospectus supplement values the 3.72 million shares held by outside investors at the $1.08 close of August 10, 2026, which gives a float of about $4.02 million. One-third of that is about $1.34 million, so the program sits just under the most the company is allowed to register. Silynxcom says it has used none of that allowance in the past twelve months.
The reference price was chosen from the 60 days before the filing, as the rule permits. The stock closed at $0.98 on October 1, about 9% below the August price used for the calculation, so the same float measured that day would have supported a slightly smaller program.
What it means for the share count
The filing illustrates the full program as 1.3 million new shares sold at $1.00, the closing price on September 30. Silynxcom has 6.63 million shares outstanding, so full use would increase the count by about 20%. In the capitalization table shareholders' equity rises from $5.0 million at June 30, 2026 to about $6.26 million, which means nearly all of the gross amount reaches the company after ThinkEquity's 3.0% commission.
| Figure in the filing | |
|---|---|
| Maximum program size | $1.3 million |
| Non-affiliate float at the August 10 close | $4.02 million |
| Shares outstanding | 6.63 million |
| Illustrative new shares at $1.00 | 1.3 million |
| Sales agent commission | 3.0% |
| Shareholders' equity, June 30, 2026 | $5.0 million |
Shares sold this way go into ordinary trading on the exchange at the prevailing price, in amounts and at times the company chooses, with no discounted block and no warrants attached. For a stock that traded about 3,000 shares in the fifteen minutes after the headline, the pace matters more than the total, because even a few thousand shares a day from the company would be a large part of the volume. Either side can end the agreement on five days' notice.
Proceeds are earmarked for working capital and general corporate purposes. A further 1.97 million shares are reserved for outstanding employee options with an average exercise price of $1.62, well above the current share price.
The SYNX reaction, measured
The reference price two minutes before the headline was 1.01. Nothing traded in the first minute, and by the tenth minute the stock was at 0.98, which is also where it had closed the previous day. The move of 2.97% took place after the regular session on roughly 3,000 shares, so Monday, October 5 is the first full session in which the market can price the program.
What is Silynxcom's at-the-market offering?
Silynxcom signed a sales agreement with ThinkEquity on October 1, 2026 that lets it sell up to $1.3 million of ordinary shares on NYSE American over time. The company is not required to sell any, and ThinkEquity receives 3.0% of gross proceeds.
Why is the Silynxcom offering only $1.3 million?
Small issuers may sell at most one-third of their public float off a shelf registration in twelve months. Silynxcom's non-affiliate float was valued at about $4.02 million, which caps the program at roughly $1.34 million.
How much dilution could the SYNX offering cause?
The prospectus supplement illustrates 1.3 million new shares at $1.00 each. Against 6.63 million shares outstanding that is an increase of about 20%, and it would raise shareholders' equity from $5.0 million to about $6.26 million.
How did SYNX stock react to the filing?
The filing crossed at 4:09 p.m. ET on Friday, October 2, 2026. SYNX was unchanged at 1.01 a minute later and at 0.98 after ten minutes, a 2.97% decline on about 3,000 shares.
Sources
-
Silynxcom Ltd. - Form 6-K, Execution of Sales Agreement
— U.S. Securities and Exchange Commission
ATM Sales Agreement with ThinkEquity dated October 1, 2026; 3.0% commission; use of proceeds; five days' notice to terminate.
-
Silynxcom Ltd. - Prospectus Supplement (Form 424B5)
— U.S. Securities and Exchange Commission
Up to $1,300,000 of ordinary shares; non-affiliate float of $4,021,559 at the $1.08 close of August 10; 6,634,400 shares outstanding; $0.98 last sale on October 1; capitalization and option figures.
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