en.Wedoany.com Reported - Syntiant Corp. announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its Class A common stock.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions and the completion of the SEC review process. There can be no assurance as to whether or when the offering may be completed, nor as to the actual size or terms. Syntiant intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "SYTN." Citigroup, BofA Securities, and UBS Investment Bank are acting as joint lead book-running managers. Needham & Company, Stifel, Cantor, and KeyBanc Capital Markets are acting as additional book-running managers. Craig-Hallum, Rosenblatt, Roth Capital Partners, and Wolfe | Nomura Alliance are acting as co-managers.
Any offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained free of charge by accessing the SEC's website at www.sec.gov through the EDGAR system, or from: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146; BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_requests@bofa.com; UBS Securities LLC, 11 Madison Avenue, New York, NY 10010, Attention: Fixed Income Syndicate, or by telephone at (203) 719-1088, or by email at dl-synd-stamford@ubs.com.
The registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Founded in 2017 and headquartered in Irvine, California, Syntiant focuses on providing efficient processors, sensors, and software solutions for voice, audio, sensor, and vision processing. Its full-stack physical AI platform delivers always-on intelligence at ultra-low power, enabling devices to perceive, decide, and act autonomously in real time.
