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Lyntris Inc. initial public offering

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2026-08-19 14:34 UTC → 2026-08-19 16:41 UTC · added removed

Defense technology firm Lyntris Inc. has initiated the process for an completed a downsized initial public offering (IPO) on the New York Stock Exchange under the ticker symbol ‘LYNX’. Initially, the company filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission, though the filing did not specify a price range or the number of shares to be offered. Following the initial filing, Lyntris announced specific details for While the offering, targeting a valuation of approximately $2.53 billion. The company originally planned to offer sell 24,000,000 shares, shares with an expected price per share between $19.00 and $22.00. The $22.00, the final offering includes was reduced to 17,000,000 shares. These shares from both Lyntris and selling stockholders, such as Trive Capital. Lyntris, were priced at $17.50 each, falling below the initial marketed range. The IPO raised approximately $297.5 million, which the company intends to use for debt repayment and general corporate purposes. Following its market debut on August 19, Lyntris shares fell by 11%. Headquartered in Falls Church, Virginia, Lyntris was formed through the combination of Vitesse Systems and Accelint, intends to use a portion of the proceeds to retire nearly $60 million in debt. Financial filings revealed that while Lyntris reported $241 million Accelint. The firm specializes in revenue battlefield sensors, hardware, and software for the first six months of the year, the company has also experienced net losses. Lyntris currently participates in more than 200 programs serving the U.S. Department of Defense military applications, including missile defense and various allied governments. Upon its trading debut on maritime awareness. For the NYSE, fiscal year ending June 30, 2026, Lyntris sold 17 reported approximately $451 million shares at a price of $17.50 per share, raising in revenue but recorded a total net loss of $297.5 roughly $12 million.

Versions

  1. 2026-08-19 16:41 UTC Lyntris Inc. initial public offering
  2. 2026-08-19 14:34 UTC Lyntris Inc. initial public offering
  3. 2026-08-11 02:14 UTC Lyntris Inc. initial public offering

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