Exyn Technologies, Inc.

Exyn Technologies, Inc. is a pioneer in fully adaptive and cognitive mission-level autonomous robotics and AI, delivering Level 4B autonomy software and Nexys hardware for safe, efficient 3D mapping and navigation in GPS-denied environments such as underground mines, tunnels, warehouses, and contested battlefields. Founded in 2014 as a University of Pennsylvania GRASP Lab spin-out, Exyn targets mining, construction, infrastructure inspection, geospatial, energy, and defense sectors with its ExynAI software and modular Nexys payload, enabling OEM integrations via API and SDK. The company reported $5.8M revenue for year ended December 31, 2025 (4.4% YoY growth), gross profit of $2.1M (6.8% YoY), but net loss of $12.2M (4.8% improvement) and accumulated deficit of $75.9M, with $0.8M cash and $6.1M debt. Exyn is offering [●] units at $[●] each (midpoint), each consisting of one share of common stock and one warrant exercisable at 125% of IPO price for 5 years, raising $[●] net proceeds (or $[●] if overallotment exercised). Proceeds will repay $7.85M debt (WAB $3.5M, Neolync Convertible $1.5M, Maximcash $0.6M, NCH Convertible $0.75M, Neolync Term $1.5M) and fund growth capital, working capital, and general corporate purposes. As an emerging growth company and smaller reporting company, Exyn qualifies for reduced reporting requirements. Investment thesis centers on Exyn's proven autonomy in harsh environments, OEM scalability, and expansion into high-growth markets like defense and mining amid accelerating robotics adoption, despite ongoing losses, going concern doubts, material weaknesses in controls, and Canadian tax liabilities.

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