SINTX Technologies (SINT) Prices 3.7M Share Common Stock Offering at $1.50/sh

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SINTX Technologies Announces Pricing of $5.6 Million Registered Direct Offering Priced At-The-Market

June 23, 2020 9:20 AM EDT

SALT LAKE CITY, UT, June 23, 2020 (GLOBE NEWSWIRE) -- SINTX Technologies, Inc. (NASDAQ: SINT) (SINTX or the Company), an original equipment manufacturer (OEM) ceramics company focused on silicon nitride and its applications, today announced that it has entered into a share purchase agreement with several institutional investors for the issuance and sale of 3,700,000 shares of its common stock at a price of $1.50 per share, for aggregate gross proceeds of approximately $5.6 million, in a registered direct offering priced at-the-market under Nasdaq rules.

Maxim Group LLC is acting as the sole... More