IPOs/NYSE/2026/Lyntris Inc.

Lyntris Inc. LYN

Lyntris Inc. (LYN) priced its IPO on NYSE on August 19, 2026 at $17.50 a share. Lyntris is a defense technology company providing sense-to-act connectivity solutions—sensor architecture, sensor hardware and data/software—to U.S. Department of War and allied nation military customers. Based in Falls Church, Virginia.

Registered
Priced
TradingYes
Offer price
$17.50
Raised
Not given
Shares offered
17,000,000 shares
Lock-up
Not given
See the prospectus →

The company

Lyntris Inc., based in Falls Church, Virginia, provides sense-to-act connectivity solutions, including sensor architecture, sensor hardware and data/software, to U.S. Department of War and allied military customers. The company offered 17,000,000 shares at $17.50 each on the NYSE under the ticker LYN.

Net proceeds of approximately $69.5 million will repay approximately $60.0 million under a new revolving credit facility, with the rest for general corporate purposes, development efforts and working capital. After the offering, Richard Penrose holds 4%, David Stinnett 3%, Matthew Alty and Michael D. Frederickson 2% each, and Brian Morrison 1%.

Where the money goes

Repay approximately $60.0 million outstanding under new revolving credit facility
General corporate purposes
Additional development efforts
Working capital and operational expenses

Revenue and results

Net result, Six months ended June 30, 2026net loss of approximately $13.0 million
Net result, Six months ended June 30, 2025net loss of approximately $9.7 million
Net result, Twelve months ended June 30, 2026net loss of approximately $11.8 million
Net result, Year ended December 31, 2025net loss of approximately $8.5 million
Net result, Year ended December 31, 2024net loss of approximately $31.0 million

The risks it lists first

Business and growth concentrated across customers in defense and U.S. national security sectors.
Reliance on government spending priorities subject to appropriations and budgetary decisions outside our control.
Depend on U.S. government contracts, not fully funded at inception and subject to cancellation.