Company: SINT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010496
Chunk: 17

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 17
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 2024 (the “PAA”) with Maxim Group LLC (the “Placement Agent”). Each Common Unit
was sold at a public offering price of $50.00 and each Pre-Funded Warrant Unit was sold at a public offering price of $49.98. The Class
E Warrants and the Class F Warrants are immediately exercisable (subject to the beneficial ownership cap at 4.99% or 9.99%) for one share
of the Company’s Common Stock at an exercise price of $50.00 per share. The Class E Warrants will expire five years from the date
of issuance and the Class F Warrants will expire 18 months from the date of issuance. Each Pre-Funded Warrant is exercisable for one share
of the Company’s Common Stock at an exercise price of $0.0001 per share. The Pre-Funded Warrants are immediately exercisable (subject
to the beneficial ownership cap at 4.99% or 9.99%) and may be exercised at any time until all of the Pre-Funded Warrants are exercised
in full. The Company engaged Maxim Group LLC as the Company’s sole placement agent for 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 640,000 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.

2024 March Registered Offering

On March 26, 2024, the Company closed a public
offering 142,000 shares of the Company’s common stock, (the “Offering”). Each Share was sold at a public offering price
of $9.40. The aggregate proceeds to the Company from the Offering were approximately $1.3 million before deducting placement agent fees
and other estimated offering expenses payable by the Company.

2021 Equity Distribution Agreement

On February 25, 2021, the Company
entered into an Equity Distribution Agreement ( the “ATM Agreement”) with Maxim Group LLC (the