Exyn Announces Closing of its Initial Public Offering

Exyn (NASDAQ: EXYN) closed its initial public offering of 2,500,000 units, each including one common share and one warrant, at $7.75 per unit.

Rhea-AI Summary

Exyn (NASDAQ: EXYN) closed its initial public offering of 2,500,000 units, each including one common share and one warrant, at $7.75 per unit. Gross proceeds totaled about $19.4 million.

Units trade on the Nasdaq Capital Market as EXYN (stock) and EXYNW (warrants). Exyn plans to use net proceeds for growth capital, working capital, repayment of certain debt, and general corporate purposes.

Positive

• IPO raised approximately $19.4 million in gross proceeds
• Listing of common stock and warrants on Nasdaq Capital Market
• Defined use of proceeds for growth capital and working capital
• Ability to repay certain indebtedness with IPO proceeds

Negative

• Issuance of 2,500,000 new shares plus warrants may dilute existing holders
• Net proceeds reduced by underwriting discounts and offering expenses

Argus May 19 session

-4.80% close to close Open Argus

Details

News Market Reaction – EXYN

On May 19, the first trading day after this news, EXYN closed 4.80% below the previous close.

Data tracked by StockTitan Argus for the May 19 session.

Key Figures

Units offered: 2,500,000 units IPO unit price: $7.75 per unit Gross proceeds: $19.4 million +5 more

Units offered

2,500,000 units

Initial public offering size

IPO unit price

$7.75 per unit

Public offering price for each unit

Gross proceeds

$19.4 million

Aggregate gross proceeds before fees

Common stock per unit

1 share

Each unit includes one share of common stock

Warrants per unit

1 warrant

Each unit includes one warrant for one share

Form type

Form S-1

Registration statement for IPO

SEC file number

333-294453

Registration statement file number

Effectiveness date

May 14, 2026

SEC declared registration statement effective

Key Terms

initial public offering, warrant, nasdaq capital market, registration statement on form s-1, +2 more

6 terms

initial public offering financial

"today announced the closing of its initial public offering (the “Offering”) of 2,500,000"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

warrant financial

"and one warrant to purchase one share of its common stock (the “Warrants”) at a"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

nasdaq capital market financial

"The shares of Common Stock and Warrants began trading on the Nasdaq Capital Market on"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

registration statement on form s-1 regulatory

"A registration statement on Form S-1 (File No. 333-294453) relating to these securities"

A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.

prospectus regulatory

"The Offering was made only by means of a prospectus. The final prospectus related to"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

underwriting discounts and commissions financial

"before deducting underwriting discounts and commissions and other offering expenses"

Underwriting discounts and commissions are fees paid to financial institutions that help sell new securities to investors. They act like a commission for their role in connecting companies with buyers, often reducing the amount of money the issuing company raises. For investors, understanding these costs helps gauge how much of their investment is going toward the actual securities versus fees paid to middlemen.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PHILADELPHIA, PA, May 18, 2026 (GLOBE NEWSWIRE) -- Exyn Technologies, Inc. (“Exyn” or the “Company”) (NASDAQ: EXYN, EXYNW), a leader in autonomous mapping and perception-driven navigation for complex, GPS-denied environments, today announced the closing of its initial public offering (the “Offering”) of 2,500,000 units, with each unit consisting of one share of its common stock (the “Common Stock”) and one warrant to purchase one share of its common stock (the “Warrants”) at a public offering price of $7.75 per unit.

The shares of Common Stock and Warrants began trading on the Nasdaq Capital Market on May 15, 2026, under the ticker symbols “EXYN” and “EXYNW,” respectively.

The aggregate gross proceeds from the Offering, before deducting underwriting discounts and commissions and other offering expenses payable by Exyn, were approximately $19.4 million. The Company intends to use the net proceeds from the Offering for growth capital, working capital, repayment of certain indebtedness, and general corporate purposes.

Lucid Capital Markets acted as the sole book-running manager for the Offering.

A registration statement on Form S-1 (File No. 333-294453) relating to these securities was declared effective by the Securities and Exchange Commission (“SEC”) on May 14, 2026. The Offering was made only by means of a prospectus. The final prospectus related to the Offering was filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the final prospectus related to the Offering may also be obtained by contacting Lucid Capital Markets, LLC, 570 Lexington Avenue, 40th Floor, New York, NY 10022.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Exyn Technologies

Exyn Technologies, Inc. (NASDAQ: EXYN, EXYNW) is a leader in autonomous mapping and perception-driven navigation for complex, GPS-denied environments. Powered by ExynAI, the Company’s autonomy engine, Exyn enables high-accuracy 3D data capture across handheld, backpack, vehicle-mounted, aerial, and robotic deployments. Exyn serves customers across mining, construction, geospatial, infrastructure, industrial, and mission-critical environments.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release, including statements regarding the proposed Offering of the Company, the realization of any potential advantages, benefits and the impact of, and opportunities created by, the Offering, and the ability of the Company to utilize the proceeds of the Offering in the manner intended, are forward-looking statements. These statements involve known and unknown risks, uncertainties, and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. The forward-looking statements are based on certain assumptions which could change materially in the future. You should not place undue reliance on these forward-looking statements.

The Company does not undertake to update any forward-looking statement or forward-looking information, except in accordance with applicable securities laws.

Media Contact
Vanessa Varian
Exyn
vvarian@exyn.com

Investor Contact
Crescendo Communications, LLC
exyn@crescendo-ir.com
(212) 671-1020

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the key details of Exyn (NASDAQ: EXYN) initial public offering closed on May 18, 2026?

Exyn completed an IPO of 2,500,000 units at $7.75 per unit. According to Exyn, each unit includes one common share and one warrant, with gross proceeds of about $19.4 million before underwriting discounts and expenses.

How much capital did Exyn (EXYN) raise in its May 2026 IPO?

Exyn raised approximately $19.4 million in gross proceeds from its IPO. According to Exyn, this amount is before deducting underwriting discounts, commissions, and other offering expenses payable by the company, so net proceeds will be lower than the headline figure.

On which exchange and tickers do Exyn IPO shares and warrants trade?

Exyn common stock and warrants trade on the Nasdaq Capital Market under EXYN and EXYNW. According to Exyn, trading began May 15, 2026, giving investors separate symbols for the common shares and the accompanying public warrants.

What does Exyn plan to do with the IPO proceeds from EXYN offering?

Exyn plans to use net IPO proceeds for growth capital, working capital, debt repayment, and general purposes. According to Exyn, funds will support expansion needs while also repaying certain existing indebtedness rather than being devoted solely to new growth initiatives.

How many units were sold in the Exyn (EXYN) IPO and what did each include?

Exyn sold 2,500,000 units in its IPO, each priced at $7.75. According to Exyn, every unit consists of one share of common stock and one warrant to purchase one additional share of common stock in the future.

Who managed the Exyn (NASDAQ: EXYN) initial public offering?

Lucid Capital Markets served as sole book-running manager for the Exyn IPO. According to Exyn, Lucid coordinated the offering of 2,500,000 units and investors can access the final prospectus through the SEC website or directly from Lucid Capital Markets.