Company: SINT
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021930
Chunk: 21

Company: Sintx Technologies, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 21
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 on October 12, 2023, and declared effective by the SEC on November 27, 2023, and related
prospectus supplements to be prepared and filed pursuant to Rule 424(b) from time to time in connection with the offer and sale of the
Shares. A prospectus supplement, dated October 3, 2025, covering the offer and sale of the 2025 ATM Shares having an aggregate offering
price of $6,413,876 was filed with the SEC.

Sublease
Agreement

On October 30, 2025,
the Company entered into a Sublease Agreement (the “Sublease”) with Hayes Performance Systems, Inc., a Delaware corporation
(“Hayes”), pursuant to which the Company agreed to sublease to Hayes all of the premises the Company currently leases under
its Industrial Lease Agreement dated August 19, 2021 with SLS Industrial Portfolio Owner SLCP, LLC (the “Prime Lease”). The
Sublease term commences on November 1, 2025, and expires on October 31, 2031, unless earlier terminated in accordance with the Sublease
or upon termination of the Prime Lease. Under the Sublease, Hayes will pay the Company base rent ranging from approximately $9,700 per
month during the first year of the Sublease to approximately $11,300 per month during the final year of the term, plus its proportionate
share of operating expenses and taxes, currently estimated at $0.25 per rentable square foot per month. The Sublease provides for a three-month
rent deferral totaling approximately $29,200, which will be repaid in six equal monthly installments beginning February 1, 2026. The
Sublease is structured as a triple-net arrangement under which Hayes will be responsible for substantially all costs associated with
the Subleased Premises, including utilities, maintenance, and insurance.

16

ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

You
should read the following discussion and analysis of our financial condition and results of operations in conjunction with our consolidated
financial statements for the year ended December 31, 2024 and the notes thereto, along with Management’s Discussion and Analysis
of Financial Condition and Results of Operations, included in our Annual Report on Form 10-K for the year ended December 31, 2024, filed
separately with the U.S. Securities and Exchange Commission