SINT - SINTX technologies sheds ~39% on pricing $12.0M stock offering at $5.60

• SINTX Technologies ( NASDAQ: SINT ) is down 38.9% premarket after the firm has priced its public offering of 2.15M units, with each unit consisting of one share of its common stock, or one pre-funded warrant to purchase one share of its common stock, one Class C Warrant with each warrant to purchase one share of common stock, and one half of one Class D Warrant with each whole warrant to purchase one share of common stock.
• Each unit is being sold at a public offering price of $5.60.
• The Class C and Class D Warrants in the units will be immediately exercisable at a price of $5.60/share.
• The Class C Warrants will expire five years from the date of issuance and the Class D Warrants will expire three years from the date of issuance.
• The shares of common stock and accompanying warrants can only be purchased together in this offering, but will be issued separately and will be immediately separable upon issuance.
• Gross proceeds are expected to be approximately $12.0 million.
• Offering is expected to close on February 10, 2023.

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