Deal Details

Lyntris Completes $297.5 Million Initial Public Offering

Industrial

Lyntris initial public offering

Summary

Lyntris Inc. (“Lyntris” or the “Company”) (NYSE: LYNX), a portfolio company of Trive Capital, recently announced the pricing of its initial public offering of 17,000,000 shares of its common stock at a public offering price of $17.50 per share, generating gross proceeds of approximately $297.5 million (the “Offering”). The Offering consisted of 5,714,286 shares of common stock sold by Lyntris and 11,285,714 shares of common stock sold by certain of Lyntris’s existing stockholders (the “Selling Stockholders”). Certain Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,550,000 shares of Lyntris’s common stock.

Lyntris intends to use the net primary proceeds to repay approximately $60.0 million outstanding under its new revolving credit facility and the remainder, if any, for general corporate purposes. Lyntris will not receive any proceeds from the sale of common stock by the Selling Stockholders.

Baird served as a Bookrunner on the Offering.

Key Offering Metrics

Pricing Date - August 18, 2026
Exchange / Ticker - NYSE / LYNX
Initial Filing Range - $19.00 - $21.00
Offer Price - $17.50
Base Offering Size - $297.5 million (66% secondary)
Overallotment Option - $44.6 million (100% secondary)
Total Offering Size - $342.1 million
Diluted Market Cap - $1.9 billion
Enterprise Value - $2.1 billion
Sponsor - Trive Capital
Execution - 7-Day Roadshow

About

Lyntris is a defense technology company delivering "sense-to-act" connectivity solutions for the modern, connected battlespace. Combining differentiated hardware, software and mission expertise, the Company helps customers to detect threats earlier, decide faster and act with precision in contested, multi-domain environments. Lyntris is headquartered in Falls Church, Virginia.

Trive Capital is a private equity firm with more than $8 billion of regulatory assets under management. Trive Capital focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. The Trive Capital team is comprised of seasoned investment professionals who have been involved in over 250 middle-market transactions representing in excess of $10 billion in revenue across Trive Capital’s targeted industry sectors and situations. Trive Capital is headquartered in Dallas, Texas.

Industrial

Lyntris initial public offering