Silynxcom Secures $500K Orders from Israel Defense Forces
Ticker: SYNX · Form: 6-K · Filed: Jul 9, 2024 · CIK: 1976443
Sentiment: bullish
Topics: new-orders, defense-contract, israel
TL;DR
Silynxcom just landed $500K in orders from the Israel Defense Forces!
AI Summary
On July 9, 2024, Silynxcom Ltd. announced it received $500,000 in orders from the Israel Defense Forces. This news was disclosed in a Form 6-K filing with the SEC.
Why It Matters
This significant order from a major defense entity indicates strong demand for Silynxcom's products and could boost revenue.
Risk Assessment
Risk Level: medium — While positive, the order size is moderate, and reliance on a single large customer can introduce concentration risk.
Key Numbers
- $500,000 — Orders Received (Represents new business from the Israel Defense Forces.)
Key Players & Entities
- Silynxcom Ltd. (company) — Filer of the report and recipient of orders
- Israel Defense Forces (company) — Customer placing orders
- $500,000 (dollar_amount) — Value of orders received
- July 9, 2024 (date) — Date of the announcement and order receipt
FAQ
What specific products did the Israel Defense Forces order?
The filing does not specify the exact products ordered by the Israel Defense Forces, only the total order value.
When are these orders expected to be fulfilled?
The filing does not provide a timeline for the fulfillment of these orders.
Is this a recurring order or a one-time purchase?
The filing does not specify if these orders are recurring or a one-time purchase.
What is Silynxcom Ltd.'s primary business?
Silynxcom Ltd. is in the Household Audio & Video Equipment industry, SIC code 3651.
Where is Silynxcom Ltd. based?
Silynxcom Ltd. is based in Netanya, Israel.
Filing Stats: 196 words · 1 min read · ~1 pages · Grade level 9 · Accepted 2024-07-09 09:25:02
Key Financial Figures
- $500,000 — elease titled “Silynxcom Receives $500,000 in Orders from the Israel Defense Force
Filing Documents
- ea0209139-6k_silynxcom.htm (6-K) — 10KB
- ea020913902ex99-1_silynxcom.htm (EX-99.1) — 8KB
- 0001213900-24-059939.txt ( ) — 19KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2024 Commission File Number: 001-41916 Silynxcom Ltd. 19 Yad Harutzim St., Netanya, 4250519 Israel (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F CONTENTS On July 9, 2024, Silynxcom Ltd. issued a press release titled “Silynxcom Receives $500,000 in Orders from the Israel Defense Forces,” a copy of which is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K. EXHIBIT INDEX Exhibit No. Description 99.1 Press Release issued by Silynxcom Ltd. titled “Silynxcom Receives $500,000 in Orders from the Israel Defense Forces”. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SILYNXCOM LTD. Date: July 9, 2024 By: /s/ Nir Klein Name: Nir Klein Title: Chief Executive Officer 2