SINTX Technologies announced that its Board of Directors has declared a 1-for-200 reverse stock split of the company’s common stock. The reverse stock split will become effective on May 28, 2024 at 12:01 AM Eastern Time. The company’s common stock is expected to begin trading on a split-adjusted basis when the markets open on May 28, 2024 under the current trading symbol “SINT.” The reverse stock split is primarily intended to bring the company into compliance with the minimum bid price requirements for maintaining its listing on the Nasdaq Capital Market.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SINT:
- Sintx Technologies CEO Retirement and Leadership Transition
- SINTX AND PRODWAYS AGREE ON CERAMIC SLURRY SUPPLY AND 3D PRINTING AGREEMENT
- Sintx Technologies, Prodways enter ceramic slurry supply, 3D printing agreement
- Sintx Technologies prices 71.6M shares at 2.1c in public offering
- SINTX Technologies Announces Pricing of $1.5 Million Public Offering of Common Stock