SINTX Raises $4.5M via 1.88M-Share Private Placement with Warrants
SINT•SINTX Technologies issued 1.88 million shares and warrants in an at-the-market private placement priced at $2.39 per share-warrant unit, raising $4.5 million before fees. Combined with a $500,000 ATM sale, the company has secured $5.0 million to fund commercialization, working capital and strategic initiatives.
1. Financing Details
SINTX Technologies entered into securities purchase agreements to issue 1,882,845 shares of common stock in an at-the-market private placement, raising $4.5 million in gross proceeds before fees.
2. Warrant Terms
The company issued Class A and Class B common stock purchase warrants for up to 1,882,845 shares each, exercisable immediately at $2.14 per share. Class A warrants expire in five years and Class B warrants expire in two years.
3. Use of Proceeds
Together with a prior $500,000 ATM equity offering, SINTX has secured $5.0 million to strengthen its balance sheet and fund general corporate purposes, including working capital, commercialization activities and business development initiatives.
