Company: SINT
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021930
Chunk: 16

Company: Sintx Technologies, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 16
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public offering price of $49.98
per unit. Each pre-funded warrant is
exercisable for one share of Common Stock at an exercise price of $0.0001 per
share and is exercisable immediately, subject to a beneficial ownership limitation of 4.99% or 9.99%. The Class E and Class F
warrants are also exercisable immediately, subject to the same ownership limitation, at an exercise price of $50.00 per share. The
Class E warrants expire five years after issuance, and the Class F warrants expire 18 months after issuance. Maxim Group LLC acted
as the sole placement agent for the offering. Pursuant to the placement agency agreement, the Company paid a cash placement fee
equal to 7.0%
of the gross proceeds, plus reimbursement of expenses and legal fees up to $100,000.
The Company also issued to the placement agent up to 3,200 warrants
to purchase shares of Common Stock at an exercise price of $55.00 per share. These placement agent warrants become exercisable on
July 31, 2024, and expire five
years after the commencement of sales in the
offering. Proceeds from the offering were used for general corporate purposes, including working capital.

2021
Equity Distribution Agreement

On
February 25, 2021, the Company entered into an Equity Distribution Agreement (the “2021 ATM Agreement”) with Maxim Group
LLC (the “Agent”) as sales agent. The agreement permitted the Company to offer and sell shares of its common stock, par value
$0.01
per share (“Common Stock”), from time to time in
an “at-the-market” offering for an aggregate offering amount of up to $15.0 million, as amended on January 10, 2023 and October
12, 2023. On March 22, 2024, the Company suspended sales under the 2021 ATM Agreement and terminated the continuous offering. On July
11, 2024, the Company filed a Prospectus Supplement with the Securities and Exchange Commission adjusting the remaining capacity under
the 2021 ATM Agreement to approximately $3.1
million and subsequently resumed sales of Common Stock under
the program. During the year ended December 31, 2024, the Company sold an aggregate of 602,357
shares of Common Stock pursuant to the 2021 ATM Agreement,
resulting in gross proceeds of approximately $3.7