Company: SINT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024040
Chunk: 15

Company: Sintx Technologies, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 15
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 the Offering
pursuant to the PAA. Pursuant to the PAA, the Company agreed to pay the Placement Agent a cash placement fee equal to 7.0% of the gross
proceeds of the Offering, plus reimbursement of certain expenses and legal fees up to $100,000. The Company also agreed to issue up to
3,200 Common Stock purchase warrants to the Placement Agent (the “Placement Agent Warrants”). The Placement Agent Warrants
are exercisable at an exercise price of $55.00. The Placement Agent Warrants will be exercisable beginning July 31, 2024 and will expire
five years after the commencement of sales in the offering.

2021
Equity Distribution Agreement

On
February 25, 2021, the Company entered into an Equity Distribution Agreement ( the “ATM Agreement”) with Maxim Group LLC
(the “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 began 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 June 30, 2025
and December 31, 2024, there was no capacity to offer and sell Shares under the ATM Agreement.

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9.
Stock-Based Compensation

A
summary of the Company’s outstanding stock option activity for