NEWS BRIEF: Salt Lake City-based SINTX Technologies Raises $5 Million Gross Proceeds in a Private Placement

Salt Lake City-based SINTX Technologies (NASDAQ:SINT) has raised gross proceeds of $5 million through a private placement and sale of shares and warrants of its common stock to certain "... institutional and accredited investors...."

According to the company news release (and the Form 8-K it filed with the U.S. Securities and Exchange Commission), SINTX sold its offering investors

• ~1.17 million shares of its common stock at $3.45/share, plus
• ~278,000 pre-funded yet unregistered warrants, and
• Warrants to purchase ~1.45 million shares of SINTX common stock, at an exercise price of $0.0001 per share.

According to SINTX, the warrants are exercisable immediately at an exercise price of $3.32 per share and expire five and one-half years from the date of issuance.

H.C. Wainwright & Co. acted as exclusive placement agent for the transaction.

If my math is correct, Wainwright will receive over $800,000 in fees and reimbursement monies for conducting the private placement.

Additionally, Wainwright has received warrants to purchase close to 109,000 shares of SINTX common stock at an exercise price of $4.3125/share, warrants exercisable immediately that expire in 5.5 years.

SINTX "... is an advanced ceramics company that develops and commercializes materials, components, and technologies for medical and technical applications ..." and "... its products have been implanted in humans since 2008."

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