SiNtx Technologies Inc (SINT)

[XFundManager]

SINTX TECHNOLOGIES ANNOUNCES REVERSE STOCK SPLIT

SINTX Technologies, Inc. (NASDAQ: SINT) today announced that its Board of Directors has declared a 1-for-20 reverse stock split of the company’s common stock. The reverse stock split will become effective December 19th, 2022 (the “Effective Date”) at 5:00 PM Eastern Time. The company’s common stock is expected to begin trading on a split-adjusted basis when the markets open under the current trading symbol “SINT.”

The reverse stock split is primarily intended to bring the company into compliance with the minimum bid price requirements for maintaining its listing on the Nasdaq Global Market. The new CUSIP number following the reverse split will be 678653.


As a result of the reverse stock split, every 20 shares of the company’s common stock issued and outstanding will be automatically reclassified into one new share of common stock. Proportionate adjustments will be made to the conversion and exercise prices of the Company's outstanding warrants, preferred stock, equity awards and options, and to the number of shares issued and issuable under the company's equity incentive plan. The reverse stock split will not affect the number of authorized shares of common stock or the par value of the common stock.