Exyn Technologies files for Nasdaq IPO

Investing.com -- Exyn Technologies, Inc. filed for an initial public offering on Nasdaq on Wednesday, offering units that each consist of one share of common stock and a warrant to purchase one additional share.

The company, which specializes in autonomous robotics and artificial intelligence for GPS-denied environments, plans to list its common stock under the ticker EXYN and warrants under EXYNW. Lucid Capital Markets is serving as underwriter for the offering.

The warrants will be immediately exercisable with an exercise price per share set at 125% of the initial public offering price and will expire five years from the original issuance date.

Exyn Technologies develops Level 4B autonomy software and robotic systems that provide real-time 3D mapping, data analytics, and autonomous navigation for industries including mining, construction, critical infrastructure, and defense. The company's technology enables autonomous operations in complex environments where GPS is unavailable.

Prior to this offering, there has been no public market for the company's common stock or warrants.

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