Phoenix Systems launches public offering, targets NewConnect debut in Q4 2026

Phoenix Systems, a deep-tech company developing the Phoenix-RTOS real-time operating system, has launched a public offering of its shares based on an Information Memorandum. The Company plans to raise approximately PLN 21.5 million in gross proceeds to complete R&D work and bring its Phoenix-SAT 2 satellite project to commercial readiness, as well as to expand its business development team across the Smart Grid, Defence and Space segments. The Company develops Phoenix-RTOS, its proprietary, scalable and open-source real-time operating system designed for Internet of Things (IoT) devices, which has already been deployed in more than 1.7 million critical infrastructure devices across Poland and Europe. Phoenix-RTOS also serves as the technological foundation for solutions being prepared for commercialisation in the Defence market, including a UAV autopilot successfully tested by the Polish Armed Forces, as well as in the Space sector, where the software-defined Phoenix-SAT 1 satellite is scheduled for launch into orbit in 2027. Phoenix Systems plans to make its debut on the NewConnect market in Q4 2026.