SINTX Technologies prices $4.0M public offering of 16M units at $0.25/unit

Sintx Technologies, Inc.

Gross proceeds expected ~$4M from 16M units (shares or pre-funded warrants plus Class E & F warrants).
Class E warrants exercisable at $0.25/share for 5 years; Class F warrants at $0.25 for 18 months.
Offering expected to close Feb. 2, 2024; Maxim Group LLC sole placement agent.
Pre-funded warrants have $0.0001 exercise price; placement agent gets 7% fee.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sintx Technologies, Inc. entered into Purchase Agreement with certain investors named therein (the "Purchasers") valued at approximately $4 million (effective 2024-01-31).

Action: entry
Agreement: equity purchase
Counterparty: certain investors named therein (the "Purchasers")
Value: approximately $4 million
Effective: 2024-01-31

Exact text from the filing

On January 31, 2024, SINTX Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors named therein (the “Purchasers”), and a placement agency agreement dated as of January 31, 2024 (the “PAA”) with Maxim Group LLC (the “Placement Agent”), pursuant to which the Company agreed to issue and sell to the Purchasers an aggregate of 16,000,000 units (the “Offering”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sintx Technologies, Inc. entered into Placement Agency Agreement with Maxim Group LLC (the "Placement Agent") valued at 7.0% of the gross proceeds (effective 2024-01-31).

Action: entry
Agreement: underwriting
Counterparty: Maxim Group LLC (the "Placement Agent")
Value: 7.0% of the gross proceeds
Effective: 2024-01-31

Exact text from the filing

(the “PAA”) with Maxim Group LLC (the “Placement Agent”), pursuant to which the Company agreed to issue and sell to the Purchasers an aggregate of 16,000,000 units (the “Offering”)

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119 material agreements filed in the last 30 days. Browse all material agreements →

Sintx Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-004653

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