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SINTX TECHNOLOGIES ANNOUNCES REVERSE STOCK SPLIT EFFECTIVE MAY 28, 2024
Sintx TechnologiesSintx Technologies(US:SINT) Newsfilterยท2024-05-23 13:00

Core Points - SINTX Technologies, Inc. announced a 1-for-200 reverse stock split effective May 28, 2024, to comply with Nasdaq listing requirements [1][2] - The reverse stock split will reduce the number of issued and outstanding shares from approximately 123 million to about 0.6 million [4] - The reverse stock split will not affect the number of authorized shares or the par value of the common stock [2][3] Company Overview - SINTX Technologies specializes in advanced ceramics, focusing on materials and technologies for medical and technical applications [7] - The company is a leader in the research and manufacturing of silicon nitride, with products implanted in humans since 2008 [7] - SINTX has expanded into new markets through strategic acquisitions and alliances, with manufacturing facilities located in Utah and Maryland [7]