Silynxcom enters at-the-market equity sales agreement with ThinkEquity
SYNX•Silynxcom entered an agreement with ThinkEquity to offer ordinary shares from time to time, with proceeds earmarked for working capital and general corporate purposes. ThinkEquity will receive a 3% commission on gross proceeds, and either party may terminate with five days’ notice.
1. Share sale agreement
Silynxcom entered an at-the-market sales agreement with ThinkEquity to offer ordinary shares from time to time. Sales may be made under Rule 415 at prevailing prices, subject to the company’s instructions on price, timing and size.
2. Fees and proceeds
The company said proceeds are intended for working capital and general corporate purposes. ThinkEquity will earn a 3% commission on gross proceeds from each sale, and either party may terminate the agreement with five days’ notice.
