Silynxcom Ltd.
For the period ended Aug 15, 2025. Filed Aug 15, 2025.
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Aug 15, 2025 · Filed Aug 15, 2025
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EX-99.2 · PROPOSAL
PROPOSAL 1
TO INCREASE THE COMPANY’S REGISTERED SHARE CAPITAL AND TO AMEND AND RESTATE THE COMPANY’S CURRENT ARTICLES TO REFLECT THE SAME
As of the date hereof, the Company’s authorized share capital consists of 50,000,000 Ordinary Shares.
On August 14, 2025, the Board approved an increase to the Company’s authorized share capital by 1,950,000,000 Ordinary Shares (the “Increase of Authorized Share Capital”). Accordingly, after giving effect to the Increase of Authorized Share Capital, the authorized share capital of the Company will consist of 2,000,000,000 Ordinary Shares.
The Board believes the Increase of Authorized Share Capital is necessary to enable the Company to have sufficient authorized share capital and to ensure that the Company can raise adequate capital so that it can pursue business opportunities to meet any potential future business needs and better position the Company for potential future financing and strategic transactions. Additionally, as a general matter, such Increase of Authorized Share Capital would enable the Board to issue additional Ordinary Shares in its discretion from time to time for general corporate purposes.
An amendment to the Articles that reflects the Increase of Authorized Share Capital, will be as follows:
“5. Authorized Share Capital.
(a) The share capital of the Company shall consist of 2,000,000,000 Ordinary Shares, no par value each (the “Shares”).”
The Board believes that the Increase of the Authorized Share Capital is advisable and in the best interests of the Company’s shareholders.
The Company’s shareholders are requested to adopt the following resolution:
“RESOLVED, to approve to increase to the Company’s authorized share capital by 1,950,000,000 Ordinary Shares to 2,000,000,000 Ordinary Shares, and to amend and restate the Articles to reflect the same, as set forth in Proposal 1 of the Proxy Statement.”
The approval the Proposal, as described above, requires the affirmative vote of a Simple Majority.
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