Phoenix Systems, a Polish deep-tech company developing the proprietary real-time operating system Phoenix-RTOS, has successfully completed a public share offering, raising PLN 21.5 million in gross proceeds. The company offered investors 430,000 new Series B shares at an issue price of PLN 50.00 per share. Investor interest significantly exceeded the number of shares on offer; the subscription reduction rate in the Open Tranche stood at 94.67%, representing an oversubscription of nearly 19 times. The capital raised will be used to finalize R&D and achieve commercial readiness for the Phoenix-SAT 2 satellite project, as well as to expand the business development team across the Smart Grid, Defence, and Space segments. The company is continuing preparations for its stock market debut, aiming to list on the NewConnect market by the end of the fourth quarter of 2026.
