Sintx Technologies Inc (SINT) has released an update to notify the public and investors about an entry into a material definitive agreement.
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SINTX Technologies, Inc. entered into agreements on January 31, 2024, for a securities offering, agreeing to sell 16,000,000 units for approximately $4 million, before deductions and exclusive of any proceeds from exercising warrants. The offering includes Common Units, Pre-Funded Warrant Units, and Class E and Class F Warrants, with various exercise prices and expiration dates. Maxim Group LLC was engaged as the sole placement agent, receiving cash fees and Placement Agent Warrants for their services. The closing, involving customary conditions and indemnifications, is anticipated for February 2, 2024, with Equiniti expected to act as the warrant agent.
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For a comprehensive understanding of the announcement, you can read the full document here.