SINTX Technologies Announces Successful Exercise of Warrants for $3.8 Million Gross Proceeds

Core Viewpoint - SINTX Technologies, Inc. has entered into agreements for the immediate exercise of outstanding warrants, which will result in the issuance of new unregistered warrants and is expected to generate approximately $3.8 million in gross proceeds for the company [1][4]. Group 1: Warrants and Financial Details - The company announced the exercise of warrants to purchase up to 1,099,431 shares of common stock at an exercise price of $3.32 per share [1]. - In exchange for the immediate exercise of the warrants, the company will issue new unregistered warrants to purchase up to 1,649,147 shares at an exercise price of $4.79 per share, which will be exercisable immediately and expire in five and a half years [3]. - The gross proceeds from the exercise of the warrants and issuance of new warrants are expected to be approximately $3.8 million, prior to deducting placement agent fees and estimated offering expenses [4]. Group 2: Use of Proceeds and Closing Conditions - The company intends to use the net proceeds from the offering for working capital purposes [4]. - The offering is expected to close on or about September 9, 2025, subject to customary closing conditions [4]. Group 3: Company Overview - SINTX Technologies is an advanced ceramics company specializing in biomedical applications of silicon nitride, with products implanted in humans since 2008 [7]. - The company is a global leader in the research, development, and manufacturing of silicon nitride and continues to expand its portfolio across multiple markets through innovation and strategic partnerships [7].