Silynxcom Ltd.’s Lock-Up Period To End on July 10th (NYSE:SYNX)

Silynxcom’s (NYSE:SYNX) lock-up period is set to end on Wednesday, July 10th. Silynxcom had issued 1,250,000 shares in its initial public offering on January 12th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. After the end of Silynxcom’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Silynxcom Price Performance

SYNX opened at $2.91 on Wednesday. Silynxcom has a 12-month low of $2.10 and a 12-month high of $4.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.55 and a quick ratio of 0.90.

Hedge Funds Weigh In On Silynxcom

An institutional investor recently bought a new position in Silynxcom stock. AWM Investment Company Inc. bought a new stake in Silynxcom Ltd. (NYSE:SYNX) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 536,269 shares of the company’s stock, valued at approximately $1,829,000. AWM Investment Company Inc. owned about 16.97% of Silynxcom at the end of the most recent quarter.

Silynxcom Company Profile

Silynxcom Ltd. is involved in developing, manufacturing, marketing and selling ruggedized tactical communication headset devices as well as other communication accessories. Silynxcom Ltd. is based in Netanya, Israel.