SINT - Sintx Technologies announces subscriptions of $4.7M from rights offering
- SINTX Technologies ( NASDAQ: SINT ) estimates that the rights offering will result in total subscriptions of ~$4.7M .
- Each right entitled the holder to purchase one unit, at a subscription price of $1,000/unit, consisting of one share of the Co.’s newly created Series D Convertible Preferred Stock with a face value of $1,000.
- Also, 6,622 Class A Warrants with each warrant exercisable for one share of SINTX’s common stock at an exercise price of $0.1510/share;
- And 6,622 Class B Warrants with each warrant exercisable for one share of SINTX’s common stock at an exercise price of $0.1510/share.
- SINTX anticipates that closing of the rights offering will occur on or about October 17, 2022.
- SINT +2.68% premarket to $0.17.
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Sintx Technologies announces subscriptions of $4.7M from rights offering