The offering comprises 4,878,049 primary shares from the company alongside 19,121,951 shares held by existing stockholders. Lyntris will receive no proceeds from the sale of the secondary shares. Underwriters hold a 30-day option to purchase an additional 3,600,000 shares to accommodate potential over-allotments. Evercore ISI, Citigroup, and Guggenheim Securities are serving as lead book-running managers for the transaction, supported by BofA Securities, Baird, Raymond James, and William Blair.
In section Releases
Defense Tech Firm Lyntris Targets NYSE Listing in $500M IPO
Defense technology provider Lyntris Inc. is hitting the public market with a 24-million-share offering, signaling a major push to capitalize on demand for modern, connected battlespace solutions. The company anticipates pricing its common stock between $19 and $22 per share, aiming for a listing on the New York Stock Exchange under the ticker LYNX.
Based in Washington, Lyntris specializes in "sense-to-act" connectivity hardware and software designed for contested multi-domain environments. The company’s registration statement is currently pending with the U.S. Securities and Exchange Commission. Until that filing becomes effective, the firm cannot finalize sales or accept binding offers. Prospective investors may access the preliminary prospectus through the managing investment banks.
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