Company: SINT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010496
Chunk: 18

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 18
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 “Agent”) as
sales agent, as amended on January 10, 2023 and October 12, 2023,pursuant to which the Company, could offer and sell shares of the
Company’s common stock, par value $0.01
per share (the “Shares”), initially up to an aggregate offering price of $15,000,000,
from time to time in an at-the-market public offering. On March 22, 2024, the Company suspended sales under the ATM Agreement and
terminated the continuous offering. On July 11, 2024, the Company filed a Prospectus Supplement with the SEC adjusting the amount
available for sale under the ATM Agreement to $3.1
million and shortly thereafter begin offering and selling Shares under the ATM Agreement to the public. During the year ended
December 31, 2024, 602,357
Shares were sold under the ATM Agreement for gross proceeds of approximately $3.7
million. Because the Company is subject to General Instruction I.B.6 of Form S-3, it is restricted from selling securities in a
public primary offering with a value exceeding one-third of its public float (the market value of our common stock held by our
non-affiliates) in any 12-month period so long as its public float remains below $75.0
million. As of December 31, 2024, there was no capacity to offer and sell Shares under the ATM Agreement.

    16

9. Stock-Based Compensation

A summary of the Company’s outstanding stock
option activity for the three months ended March 31, 2025, and 2024 is as follows:

Schedule of Stock Option Activity

    March 31, 2025  

    Weighted- Average  
    Weighted- Average Remaining Contractual  

    Options  
    Exercise
 Price  
    Life (Years)  
    Intrinsic
                                                                                Value 
  
    As of December 31, 2024 
     35  
    $18,872  
     5.5  
    $- 
  
    Granted 
     50,000  
     3.18  
     10.0  
     - 
  
    Exercised 
     -  
     -  
     -  
     - 
  
    Forfeited 
     -  
     -  
     -