Company: SINT
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021930
Chunk: 14

Company: Sintx Technologies, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 14
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 the Company entered into an inducement agreement (the “Inducement Letter”) with certain holders of certain
of the Company’s existing warrants to purchase up to an aggregate of 1,099,431 shares of the Company’s common stock originally
issued on February 25, 2025, with a five and one-half (5.5) years term at an exercise price of $3.32 per share.

Pursuant
to the Inducement Letter, the warrant holders agreed to exercise for cash the existing warrants to purchase an aggregate of 1,099,431
shares of the Company’s common stock at an exercise price of $3.32
per share in consideration of the Company’s agreement to issue new common stock purchase warrants to purchase up to an
aggregate of 1,649,147
shares of the Company’s common stock at an exercise price of $4.79
per share. In addition, the warrant holders agreed to pay $0.125
per new warrant as consideration for the issuance of the new warrants. The Company received aggregate gross proceeds of
approximately $3.8 million
from the exercise of the existing warrants by the warrant holder, before deducting placement agent fees and other offering expenses
payable by the Company.

The Company estimated the fair value of each warrant on the issuance
date using the Black-Scholes-Merton valuation model. The aggregate fair value of the new warrants issued as part of the inducement was
$6.7 million, which is presented as a deemed dividend on the condensed consolidated statements of operations and the condensed consolidated
statements of stockholders’ equity.

2025
Capital Raise and registration of shares

On
February 20, 2025, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) under which it sold
securities to certain institutional and accredited investors for aggregate gross proceeds of $5.0
million, before deducting fees to the placement agent and other
expenses payable by the Company in connection with the private placement. As part of the Private Placement, the Company issued (i) 1,171,189
shares of the Company’s common stock, (ii) pre-funded
warrants to purchase 278,098
shares of common stock (the “Pre-Funded Warrants”)
with an exercise price of $0.0001
per share, and (iii) warrants to purchase 1,449,287
shares of common stock (the “Common Warrants”)