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SINTX TECHNOLOGIES ANNOUNCES COMMENCEMENT OF RIGHTS OFFERING SUBSCRIPTION PERIOD
SALT LAKE CITY, UT, Jan. 23, 2020 (GLOBE NEWSWIRE) -- SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”), an original equipment manufacturer
About this update from Sintx Technologies, Inc.
[{"type":"text","content":"SALT LAKE CITY, UT, Jan. 23, 2020 (GLOBE NEWSWIRE) -- SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”), an original equipment manufacturer (OEM) ceramics company that develops and commercializes silicon nitride for medical and non-medical applications, today announced that the subscription period for the rights offering has commenced. If exercising subscription rights through a broker, dealer, bank or other nominee, rights holders should promptly contact their nominee and submit subscription documents and payment for the units subscribed for in accordance with the instructions and within the time period provided by such nominee. The broker, dealer, bank or other nominee may establish a deadline before February 3, 2020, by which instructions to exercise subscription rights, along with the required subscription payment, must be received.\n All record holders of rights that wish to participate in the rights offering must deliver a properly completed and signed subscription rights statement, together with payment of the subscription price for both basic subscription rights and any over subscription privilege election, to American Stock Transfer & Trust Company, LLC (the “Subscription Agent”), to be received before 5:00 PM Eastern Time on February 3, 2020. The mailing address for the Subscription Agent is: By mail, hand or overnight courier: American Stock Transfer & Trust Company, LLC Operations DepartmentAttn: Reorg Department6201 15th AvenueBrooklyn, NY 11219 Under the rights offering, SINTX distributed one non-transferable subscription right for each share of common stock, Series B Preferred Stock and each participating warrant (on an as-if-converted-to-common-stock basis) held or deemed held on January 17, 2020, the record date. Each right entitles the holder to purchase one unit, at a subscription price of $1,000 per unit, consisting of one share of Series C Convertible Preferred Stock with a stated value of $1,000 (and immediately convertible into common stock at an initial conversion price of $2.00) and 500 warrants with an initial exercise price of $2.00. The warrants will be exercisable for five (5) years after the date of issuance. The subscription rights are non-transferrable and may only be exercised during the subscription period. SINTX has engaged Maxim Group LLC as dealer-manager in the offering. Que...