SINTX Technologies prices $1.3M public offering of 28.4M shares at $0.047/share

Sintx Technologies, Inc.

28,400,000 shares priced at $0.047 per share; gross proceeds ~$1.3M.
Offering expected to close March 26, 2024, subject to customary conditions.
Net proceeds to be used for working capital and general corporate purposes.
Maxim Group LLC serving as sole placement agent; fee of 8% gross proceeds plus expenses up to $90K.
Offering made under effective S-3 shelf registration (File No. 333-274951).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Sintx Technologies, Inc. entered into Stock Purchase Agreement with certain investor named therein valued at aggregate proceeds of approximately $1.3 million (effective 2024-03-25).

Action: entry
Agreement: equity purchase
Counterparty: certain investor named therein
Value: aggregate proceeds of approximately $1.3 million
Effective: 2024-03-25

Exact text from the filing

On March 25, 2024, SINTX Technologies, Inc. (the “Company”) entered into a stock purchase agreement (the “Purchase Agreement”) with a certain investor named therein (the “Purchasers”), and a placement agency agreement dated as of March 25, 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 28,400,000 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Offering”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Sintx Technologies, Inc. entered into Placement Agency Agreement with Maxim Group LLC valued at cash placement fee equal to 8.0% of gross proceeds plus reimbursement of certain expenses and legal (effective 2024-03-25).

Action: entry
Agreement: underwriting
Counterparty: Maxim Group LLC
Value: cash placement fee equal to 8.0% of gross proceeds plus reimbursement of certain expenses and legal
Effective: 2024-03-25

Exact text from the filing

On March 25, 2024, SINTX Technologies, Inc. (the “Company”) entered into a stock purchase agreement (the “Purchase Agreement”) with a certain investor named therein (the “Purchasers”), and a placement agency agreement dated as of March 25, 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 28,400,000 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Offering”).

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Sintx Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-011252

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