Full Press Release Details
Technologies Announces $5 Million Private
Placement Priced At-the-Market under Nasdaq Rules
Lake City, Utah, Feb. 26, 2025 /GlobeNewswire/ -- SINTX Technologies, Inc., ("SINTX" or the "Company")
(Nasdaq: SINT), a leader in advanced ceramics for medical applications, today announced that it has, pursuant to a securities purchase
agreement with institutional and accredited investors dated February 20, 2025, issued and sold 1,449,287 shares of common stock (or pre-funded
warrants in lieu therof) at a purchase price of $3.45 per share (or pre-funded warrant in lieu thereof) in a private placement priced
at-the-market under Nasdaq rules. In addition, the Company issued to the investors in the offering unregistered warrants (the "warrants")
to purchase up to an aggregate of 1,449,287 shares of common stock. The warrants are exercisable immediately at an exercise price of
$3.32 per share and will expire five and one-half years from the date of issuance. The offering closed on February 25, 2025.
Wainwright & Co. acted as the exclusive placement agent for the offering.
aggregate gross proceeds to the Company from the private placement were approximately $5 million before deducting placement agent fees
and other offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital
shares of common stock, pre-funded warrants and warrants described above were offered in a private placement under Section 4(a)(2) of
the Securities Act of 1933, as amended (the "Act") and Regulation D promulgated thereunder and, along with the shares of
common stock underlying the pre-funded warrants and warrants, have not been registered under the Act or applicable state securities laws.
Accordingly, the shares of common stock, the pre-funded warrants, the warrants and the shares of common stock underlying the pre-funded
warrants and warrants may not be offered or sold in the United States absent registration with the Securities and Exchange Commission
("SEC") or an applicable exemption from such registration requirements. The securities were offered only to accredited investors.
Pursuant to a registration rights agreement, the Company has agreed to file one or more registration statements with the SEC covering
the resale of the shares of common stock and the shares issuable upon exercise of the pre-funded warrants and warrants.
press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale
of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.
SINTX Technologies, Inc.
in Salt Lake City, Utah, SINTX Technologies is an advanced ceramics company that develops and commercializes materials, components, and
technologies for medical and technical applications. SINTX is a global leader in the research, development, and manufacturing of silicon
nitride, and its products have been implanted in humans since 2008. Over the past several years, SINTX has utilized strategic acquisitions
and alliances to enter into new markets.
more information on SINTX Technologies or its materials platform, visit www.sintx.com.
press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are
subject to a number of risks and uncertainties. Forward-looking statements can be identified by words such as: "anticipate,"
"believe," "project," "estimate," "expect," "strategy," "future,"
"likely," "may," "should," "will" and similar references to future periods. Examples
of forward-looking statements include, among others, statements we make regarding the anticipated use of proceeds from offering. Readers
are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and
reflect management's current estimates, projections, expectations and beliefs. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which
are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking
statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in
the forward-looking statements include, among others, difficulties in commercializing ceramic technologies and development of new product
opportunities. A discussion of other risks and uncertainties that could cause our actual results and financial condition to differ materially
from those indicated in the forward-looking statements can be found in SINTX's Risk Factors disclosure in its Annual Report on
Form 10-K, filed with the SEC on March 27, 2024, and in SINTX's other filings with the SEC. SINTX undertakes no obligation to publicly
revise or update the forward-looking statements to reflect events or circumstances that arise after the date of this report, except as
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