SINT - Why SINTX Technologies Stock Is Nosediving | Benzinga
SINTX Technologies Inc (NASDAQ:SINT) shares are trading lower by 34% to $0.09 during Friday’s session after the company said it plans to conduct a public offering of its common stock.
The offering will consist entirely of shares offered by SINTX. The company intends to utilize the proceeds for general corporate purposes and working capital. The completion of the offering, as well as its size and terms, is contingent upon market conditions and cannot be guaranteed.
Maxim Group LLC will serve as the sole placement agent for the offering, operating on a reasonable best efforts basis.