SINTX announces 1-for-100 reverse stock split effective Dec 20, 2022

Sintx Technologies, Inc.

Reverse split ratio set at 1-for-100, effective 12:01 a.m. ET on Dec 20, 2022.
Every 100 existing shares become 1 share; fractional shares rounded up to nearest whole share.
CUSIP number changes to 829392604; stock trades split-adjusted under symbol SINT.
Purpose is to regain compliance with Nasdaq minimum bid price requirement for listing.
No change to authorized shares or par value; proportional adjustments to warrants and options.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Sintx Technologies, Inc.: Amendment to Restated Certificate of Incorporation to effect a 1-for-100 reverse stock split (effective 2022-12-20).

Change: charter amendment
Effective: 2022-12-20

Exact text from the filing

the Company’s stockholders approved an amendment to the Company’s Restated Certificate of Incorporation to effect a reverse split of the Company’s common stock, par value $0.01 (the “Common Stock”) and authorized the Board of Directors (the “Board”) to, at their sole discretion, select a ratio of between 1-for-10 and 1-for-100, inclusive. The Board determined to set the reverse stock split ratio at 1-for-100 (the “Reverse Stock Split”). The Reverse Stock Split will become effective as of 12:01 a.m., Eastern Time on December 20, 2022

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Source: SEC EDGAR

accession 0001493152-22-035832

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