SINT - Why SINTX Technologies Stock Is Getting Hammered | Benzinga
SINTX Technologies Inc (NASDAQ:SINT) shares are trading lower by 42% to $0.024 during Wednesday’s session after the company announced pricing of a $1.5 million public offering of common stock.
The pricing of its public offering of 71.6 million shares of common stock will be conducted at a price of $0.021 per share. The gross proceeds from the offering are anticipated to be about $1.5 million before deducting placement agent fees and offering expenses.
The offering is set to close on April 5, pending customary closing conditions. SINTX plans to utilize the net proceeds, if any, for working capital and general corporate purposes. Maxim Group LLC is serving as the sole placement agent for ...