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By The Online Investor Staff, updated Fri., Apr. 19, 10:07 AM
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Secondary Stock Offerings| This Slide: #14 of 25 |
Slide #14. SINTX Technologies, Inc. — Secondary Offering
Company:
SINTX Technologies, Inc. (NASDAQ:SINT)
Date announced:
3/29/2024
Shares Offered:
71,600,000
Date of Pricing:
4/3/2024
Price Per Share:
$0.02
Secondary Offering Details:
SINTX Technologies, Inc. (NASDAQ: SINT) ("SINTX" or the "Company"), an original equipment manufacturer of advanced ceramics, today announced that it intends to offer and sell shares of its common stock in a public offering. All shares of common stock in the offering are to be offered by SINTX. SINTX intends to use the net proceeds of the offering, if any, for working capital and general corporate purposes. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. -updated 4/3- SINTX Technologies, Inc. (NASDAQ: SINT) ("SINTX" or the "Company"), an original equipment manufacturer of advanced ceramics, today announced the pricing of its previously announced public offering of 71,600,000 shares of its common stock at a public offering price of $0.021 per share. Gross proceeds from the offering are expected to be approximately $1.5 million before deducting placement agent fees and estimated offering expenses. The offering is expected to close on April 5, 2024, subject to customary closing conditions. SINTX intends to use the net proceeds of the offering, if any, for working capital and general corporate purposes.
SiNtx Technologies is a ceramics company focused on providing solutions in biomedical, technical, and antipathogenic applications. Co. produces silicon nitride for use in its commercial products and product candidates in various forms, which include: Solid Silicon Nitride, which can be used for devices that require high strength, toughness, fracture resistance and low wear; Porous Silicon Nitride, which is engineered to mimic cancellous bone, the spongy bone tissue that typically makes up the interior of human bones; Silicon Nitride Powder, which is utilized to produce composites or coatings; and Silicon Nitride Coating, which can be applied as an adherent coating to metallic substrates.
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Hold (2.00 out of 4) 100th percentile
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