Company: SINT
Filing Date: 2025-09-30
Form Type: S-3
Source: 0001493152-25-016341
Chunk: 24

Company: Sintx Technologies, Inc.
Filing Date: 2025-09-30
Form: S-3
Chunk 24
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 the option of each holder, in whole or in part, by delivering to the Company a duly executed exercise notice accompanied by payment in full for the number of shares of the Company’s common stock purchased upon such exercise (except in the case of a cashless exercise as discussed below). A holder (together with its affiliates and attribution parties) may not exercise any portion of such holder’s September 2025 New Warrants to the extent that the holder would beneficially own more than 4.99% (or, at the election of the holder, 9.99%) of the outstanding common stock immediately after exercise, calculated in accordance with the terms of the September 2025 New Warrants, except that upon prior notice from the holder to the Company, the holder may increase or decrease the amount of ownership of outstanding stock after exercising the holder’s September 2025 New Warrants up to 9.99% of the number of shares of the Company’s common stock outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the September 2025 New Warrants, provided that any increase will not be effective until the 61st day after such notice is delivered to the Company.

Cashless Exercise

If, at any time after ninety (90) days after the issuance of the September 2025 New Warrants there is no effective registration statement registering, or the prospectus contained therein is not available for the resale of the September 2025 New Warrant Shares by the holder, then in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise in payment of the aggregate exercise price, the holder may elect instead to receive upon such exercise (either in whole or in part), the net number of shares of common stock determined according to a formula set forth in the September 2025 New Warrants.

Trading Market

There is no established trading market for the September 2025 New Warrants, and the Company does not expect an active trading market to develop. The Company does not intend to apply to list the September 2025 New Warrants on any securities exchange or other trading market. Without a trading market, the liquidity of the September 2025 New Warrants will be extremely limited.

Rights as a Stockholder

Except as otherwise provided in the September 2025 New Warrants or by virtue of the holder’s ownership of shares of the Company’s common stock, such holder of September 2025 New Warrants does not have the rights or privileges