Forgot to add that Lind's Series F warrants, with there $50 strike price, expire in August. If Sintx purchased most of those shares then 50 is close to $50m valuation not factoring in employee share plan. Keep an eye out from Si3N4/PEEK clearance in 2025.
Each unit was sold at a public offering price of $50.00 resulting in gross proceeds to the Company of $4 million before deducting offering fees and expenses. The Class E and Class F Warrants were immediately exercisable at a price of $50.00 per share. The Class E Warrants expire five years from the date of issuance and the Class F Warrants expire eighteen months from the date of issuance.
Section 2 - Silicon Nitride, a Close to Ideal Ceramic Material for Medical Application
examples of their medical applications that relate to spinal, orthopedic and dental implants, bone grafts and scaffolds, platforms for intelligent synthetic neural circuits, antibacterial and antiviral particles and coatings, optical biosensors, and nano-photonic waveguides for sophisticated medical diagnostic devices are all covered in the research reviewed herein. The examples provided convincingly show that silicon nitride is destined to become a leader to replace titanium and other entrenched biomaterials in many fields of medicine.
We already know Sintx and Morgan were working together. If there is going to be some sort of NP/Sintx merger, that just solidifies it. We also know Zimmer Biomet and Sintx have had a long standing relationship (going on 20 years) so as long as Sintx components for Arthroplasty are any good, Zimmer Biomet will come out from behind the curtain. With ZB comes ZimVie and I believe Solventum because of Bryan Hanson. Leaving only Cardinal Health which is suggested by Sintx hiring of Joseph Palomo who joined Sintx from Cardinal Health R&D division.
Morgan Ceramics = Aerospace products Zimmer Biomet = Arthroplasty oriented products ZimVie = Dental? Solventum = Wound Care, Catheters, & possibly Cancer treatment products. Cardinal Health = PPE & Medical protection apparel. NP Aerospace = Armor plates & other possible products connected to TA&T.
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Markets Si3n4/Sintx Ceramics can be used in (not comprehensive)