SINTX Technologies Secures $3.8 Million Deal Through Warrant Inducement Agreement

Reuters
2025/09/09
SINTX Technologies Secures $3.8 Million Deal Through Warrant Inducement Agreement

SINTX Technologies Inc. has announced the entry into a new inducement agreement with certain holders of its existing warrants. Under this agreement, dated September 8, 2025, the holders can purchase up to an aggregate of 1,099,431 shares of SINTX's common stock, originally issued earlier this year, with an exercise price of $3.32 per share. The company plans to file a Resale Registration Statement to facilitate the resale of shares issued or issuable upon the exercise of these new warrants. H.C. Wainwright & Co., LLC has been engaged as the exclusive placement agent, receiving a cash fee of 7.5% from the exercise of these warrants, among other compensations. The proceeds from this transaction are expected to support SINTX's general corporate purposes. The closing of the transaction is anticipated to occur around September 9, 2025, contingent on customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SINTX Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-012834), on September 09, 2025, and is solely responsible for the information contained therein.

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