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SINTX TECHNOLOGIES ANNOUNCES RECEIPT OF NOTICE FROM NASDAQ TOLLING MINIMUM BID PRICE COMPLIANCE PERIOD
SALT LAKE CITY, UT, April 22, 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, April 22, 2020 (GLOBE NEWSWIRE) -- SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”), an original equipment manufacturer (OEM) ceramics company focused on silicon nitride applications, today announced that it received notification from Nasdaq Listing Qualifications (“Nasdaq”) stating Nasdaq's determination to toll the compliance periods for bid price and market value of publicly held shares requirements through June 30, 2020. As a result, the Company now has until December 4, 2020, to regain compliance with Nasdaq Listing Rule 5550(a)(2)’s $1.00 minimum bid price requirement\n Previously, the Company had been advised that it had until September 21, 2020, to regain compliance. If the Company does not regain compliance with Rule 5550(a)(2) by December 4, 2020, the Company may be afforded a second 180 calendar day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the minimum bid price requirement. In addition, the Company would be required to notify Nasdaq of its intent to cure the deficiency during the second compliance period, which may include, if necessary, implementing a reverse stock split. The Company intends to actively monitor the closing bid price for its common stock and will consider available options to resolve the deficiency and regain compliance with Nasdaq Listing Rule 5550(a)(2). About SINTX Technologies, Inc. SINTX Technologies is an OEM ceramics company that develops and commercializes silicon nitride for medical and non-medical applications. The core strength of SINTX Technologies is the manufacturing, research, and development of silicon nitride ceramics for external partners. The Company manufactures silicon nitride material and components in its FDA registered and ISO 13485 certified facility. For more information on SINTX Technologies or its silicon nitride material platform, please visit www.sintx.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA) that are subject to a number of risks and uncertainties. Risks and uncertainties that may cause such differences include, amon...