Full Press Release Details
Technologies Announces Proposed Public Offering of Common Stock
LAKE CITY, UT, Mar. 22, 2024 (GLOBE NEWSWIRE) - 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.
Group LLC is acting as sole placement agent, on a reasonable best efforts basis, for the proposed offering.
public offering is being made pursuant to an effective shelf registration statement on Form S-3, as amended (File No. 333-274951), previously
filed with the U.S. Securities and Exchange Commission (SEC) on October 12, 2023, as amended, and declared effective on November 27,
2023. The securities may be offered only by means of a prospectus. A preliminary prospectus supplement and the accompanying prospectus
relating to and describing the terms of the public offering have been filed with the SEC, will form a part of the effective registration
statement and will be available on the SEC's website at www.sec.gov. When available, copies of the preliminary prospectus supplement
and accompanying prospectus relating to the public offering may also be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th
Floor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.
press release does 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 other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration
or qualification under the securities laws of any such state or other jurisdiction.
SINTX Technologies, Inc.
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 two years, SINTX has utilized strategic acquisitions and alliances to enter into
new markets. The Company has manufacturing facilities in Utah and Maryland.
more information on SINTX Technologies or its silicon nitride material platform, please visit www.sintx.com.
press release contains forward-looking statements, including those relating to the offering, within the meaning of the Private Securities
Litigation Reform Act of 1995 (PSLRA) that are subject to a number of risks and uncertainties. Risks and uncertainties that may cause
such differences include, among other things: the timing of the offering, satisfaction of customary closing conditions related to the
offering and sale of the shares of common stock, the use of proceeds from the offering, and SINTX's ability to complete the offering;
our products may not prove to be as effective as other products currently being commercialized or to be commercialized in the future
by competitors; risks inherent in manufacturing and scaling up to commercial quantities while maintaining quality controls; volatility
in the price of SINTX's common stock; the uncertainties inherent in new product development, including the cost and time required
to commercialize such product(s); market acceptance of our products once commercialized; SINTX's ability to raise funding and other
competitive developments. 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. There can be
no assurance that any of the anticipated results will occur on a timely basis or at all due to certain risks and uncertainties, a discussion
of which can be found in SINTX's Risk Factors disclosure in the Registration Statement and SINTX's Annual Report on Form
10-K, filed with the Securities and Exchange Commission (SEC) on March 29, 2023, 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.