Lyntris Inc. Announces Filing of Registration Statement for Proposed Initial Public Offering
Rhea-AI Summary
Lyntris (proposed NYSE: LYNX), a defense technology company focused on “sense-to-act” connectivity for connected battlespaces, has filed a registration statement on Form S-1 with the SEC for a proposed initial public offering of its common stock. Certain existing stockholders identified in the registration statement are also expected to sell shares in the offering. The number of shares and price range have not been determined, and completion of the IPO is subject to market conditions. Lyntris has applied to list its common stock on the New York Stock Exchange under the ticker symbol “LYNX”. Evercore ISI, Citigroup and Guggenheim Securities are lead book-running managers, with BofA Securities as joint book-running manager and Baird, Raymond James and William Blair as bookrunners.
Positive
- Filed Form S-1 for IPO with the U.S. SEC
- Applied for NYSE listing under ticker symbol “LYNX”
- Multiple major underwriters engaged, including Evercore ISI, Citigroup, Guggenheim and BofA Securities
- Combination of primary and secondary shares, with the company and existing stockholders expected to sell
Negative
- IPO terms undefined: number of shares and price range not yet determined
- Offering subject to market conditions and may not be completed
- Existing stockholder sales may add selling pressure alongside any new shares
News Explained
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Evercore ISI, Citigroup and Guggenheim Securities are acting as lead book-running managers for the proposed offering. BofA Securities is also acting as a joint book-running manager for the proposed offering. Baird, Raymond James and William Blair are acting as bookrunners for the proposed offering. Lyntris has applied to list its common stock on the New York Stock Exchange under the ticker symbol "LYNX".
The proposed offering will be made only by means of a prospectus. When available, copies of the registration statement and the preliminary prospectus included therein may be obtained by visiting EDGAR on the SEC's website at www.sec.gov or may also be obtained from: Evercore ISI, Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor,
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Lyntris
Lyntris is a defense technology company delivering "sense-to-act" connectivity solutions for the modern, connected battlespace. Combining differentiated hardware, software and mission expertise, Lyntris helps customers to detect threats earlier, decide faster and act with precision in contested, multi-domain environments.
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SOURCE Lyntris