SINTX Technologies raises $3.8 million through warrant exercise

SINTX Technologies Inc. (NASDAQ: SINT) announced the exercise of warrants to purchase 1,099,431 shares of common stock, generating approximately $3.8 million in gross proceeds before fees and expenses.

The warrants, originally issued in February 2025, carried an exercise price of $3.32 per share. In exchange for the immediate exercise, the company will issue new unregistered warrants to purchase up to 1,649,147 shares of common stock at an exercise price of $4.79 per share. The new warrants are exercisable immediately and expire five and one-half years after issuance.

H.C. Wainwright & Co. is serving as the exclusive placement agent for the offering. The transaction is expected to close on or about September 9, 2025, subject to customary closing conditions.

SINTX, based in Salt Lake City, Utah, develops advanced ceramics materials for biomedical applications, specializing in silicon nitride products. The company stated it intends to use the net proceeds for working capital purposes.

The new warrants were offered through a private placement under an exemption from Securities Act registration requirements. SINTX has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of shares issuable upon exercise of the new warrants.

The information is based on a company press release statement.

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