Sintx Technologies, Inc. (SINT): Nasdaq/NYSE listing notice — SINTX Technologies receives Nasdaq delisting notice over $0.10 rule; seeks hearing

Sintx Technologies, Inc.

Nasdaq notified SINTX on Nov 17, 2022 that its bid price closed below $0.10 for 10 consecutive days, triggering delisting under Listing Rule 5810(3)(A)(iii).
Company timely requested a hearing before the Nasdaq Hearings Panel, which stays delisting pending the hearing and any extension granted.
Prior grace period for $1.00 bid price rule through Jan 2, 2023 was cut short by the $0.10 rule violation.
SINTX will seek shareholder approval for a reverse stock split at Dec 15, 2022 annual meeting to regain compliance with $1.00 Bid Price Rule.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Sintx Technologies, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5810(3)(A)(iii)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5810(3)(A)(iii)

Exact text from the filing

November 17, 2022, SINTX Technologies, Inc. (the “Company”) received notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, because the Company’s bid price had closed below $0.10 per share for the preceding ten consecutive trading days, in contravention of Nasdaq Listing Rule 5810(3)(A)(iii) (the “$0.10 Rule”), the Company’s securities were subject to delisting unless the Company timely requested a hearing before the Nasdaq Hearings Panel (the “Panel”). Today, the Company timely requested a hearing before the Panel, which request s

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Sintx Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-033542

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