Exyn Technologies, Inc. has submitted a registration to list on the Nasdaq stock exchange, proposing an offering of units that pair one share of common stock with one warrant to buy an additional share.
The company intends to list its common shares under the ticker EXYN, while the accompanying warrants would trade under EXYNW. Lucid Capital Markets has been disclosed as the underwriter for the offering.
Under the terms included in the filing, each warrant will be exercisable immediately upon issuance. The exercise price for each warrant is established at 125% of the initial public offering price per share. Those warrants are set to expire five years from their original issuance date.
Exyn Technologies specializes in autonomous robotics and artificial intelligence solutions designed for operation in locations where GPS signals are unavailable. The firm develops what it describes as Level 4B autonomy software and integrated robotic systems that deliver real-time three-dimensional mapping, data analytics, and autonomous navigation capabilities.
Its solutions are targeted at a range of industrial and mission-critical sectors. Specifically, the filing lists mining, construction, critical infrastructure, and defense among the industries that rely on the company’s 3D mapping and autonomous navigation technology. The systems are intended to enable autonomous operations in complex, GPS-denied settings.
Before the proposed offering, the company’s common stock and warrants had not been available in any public market, meaning there has been no prior public trading history for either security.
Key details
- Offering structure: Units of one common share plus one warrant.
- Tickers: Common stock - EXYN; Warrants - EXYNW.
- Underwriter: Lucid Capital Markets.
The filing outlines the financial instrument terms and the technical focus of Exyn Technologies without disclosing pricing or the number of units to be offered. The company’s product set centers on enabling autonomous functionality where GPS is not available.